Endava plc to begin new bull market?

Oct 7, 2024

On the above 2-week chart price action has corrected 85%. Popular finance articles and now even legal action is proposed, everyone is a bear.

“Investors who lost money on Endava plc(DAVA) should contact The Gross Law Firm about pending Class Action - DAVA”
PR Newswire, Oct 7th

Seriously? Price go down and your response is legal action?!
That’s bitter.

Should we be joining the bearish sentiment? Or cease an opportunity from angry sellers?

** The Technical analysis **

1) Price action and RSI resistance breakouts.

2) Price action is on legacy support from January 2019!

3) No stock splits.

4) Regular bullish divergence, lots of it.

Is it possible price action continues to correct? Sure.
Is it probable? No

Ww

Type: Investment
Risk: You decide
Timeframe for long entry: Before the judge throws out the lawsuit and tells investors price action go down as well as up.
Return: Will say so elsewhere

Oct 16, 2024

Trade active

Don't ignore this stunning opportunity.
Sellers have spent the last year and a half since 170 on the road to exhaustion.

Nov 12, 2024

Note

I set my longs where others set their stop losses.
The little red circle showing the green triangle where the idea was published. Up between 25-30%.

Nov 19, 2024

Note

Longs filled.
Sellers sell after a 20% correction.

Dec 19, 2024

Note

$30 confirms support. Next stop, $50.

Jan 30

Note

Nudge nudge wink wink