DAVE (Famous Dave’s Of America) looks to be setting up for a potential short-squeeze. DAVE will trigger an aggressive long entry on a any break above 8.35. Suggested stop below 7.63 or higher if only targeting T1 or T2.
As an aggressive counter-trend trade with above average gain & loss potential, only consider this trade if it meshes with your trading style and risk tolerance. Also consider making the the proper beta-adjustment to your position size to account for the above average profit & loss potential.
DAVE 120-minute Dec 9th