The entry criteria for the DAVE (Famous Dave’s of America) Long Trade Setup has been revised to any move above 11.97, which will have clearly taken the stock above the primary downtrend line that was pointed out when the original setup was posted a few weeks ago. DAVE has continued to drift lower within the bullish falling wedge pattern since then, with the bullish divergence still well intact & even larger now.


Price targets have been revised to T1 at 13.26, T2 at 15.35 & T3 at 16.95 with a suggested stop on a daily close below 11.00 (or higher stop using at least a 3:1 R/R if only targeting T1). Daily & 120-minute periods charts above.