$KAVL bounceKAVL has had a strong fall down to a long-term demand zone. High risk play but big bounce potential.
KAVL trade ideas
KAVL - Looking for 5% with potential to push past $3 againLooking to take 5% on this one. I have marked my entry, support and resistance lines for this trade. I will be looking for a technical setup on Monday morning. It will be important to me that I see the right amount of volume as well as a proper close above my entry before I take this trade. (Not financial advice)
Watching KAVLKavl is pretty interesting. it clearly did its first accumulation and is holding a pretty nice pennant.
The borrow fee is 588% which is extremely high. Shorting this is very very difficult.
The short is over 30% of the float at 100% utilization.
I think we could see more action here in either direction but something tells me it has strong squeeze power. Its vape stock, that just got its FDA approval back, which was revoked due to fruit flavor "bidi stocks"
KAVL Swing game plan (SHORT TERM)Swing play with price targets $3.80 / $ 4.42
Pros to enter :
1) For the past 8 days KAVL has been moving up showing higher highs and higher lows .
2) As you can see from the chart 20MA (white line) showing strong support
3) 20MA technically became a trendline and been tested 4 times (trend line must be tested 2 times to be formed and 3 times to be confirmed )
4) Volume for the past few days confirmed the price movements-strong volume.
5) Late news are positive as well.
6) Also KAVL is belongs to CONSUMER DEFENSIVE group of stocks and that group has have been in the top 3 performing groups for the past 6 moth
7) Also KAVL is located right below the big gap ranging from $2.87 to $4.42 (bottom of that gap got tested today) , "middle" of that gap is located on $3.80 level (look at 4 H chart OCT 21, 2021 move)
8) From the bottom of the gap all way to the top of the gap not much activity (check VPVR indicator on 1D)
9) Most of the market is moving down but KAVL is moving up.
10) Approximately around $2.07 area lays first line of support 50MA on 30 min time frame / 20MA on 1 hour time frame (both MAs are located at exactly the same spot)
Cons to enter :
1) Crazy, volatile market
2) Move to the 20MA was very volatile compare to other 3 spikes ( Reason to be concern?)
3) Bottom of the gap (DARK RED RECTANGLE above the market) got tested 4 times on 1H and got rejected.
4) RSI and other indicators I use in oversold zone, but on June 1st 2021 KAVL remained in RSI oversold zone for 17 days and continued to make move to the upside
same thing happened on JAN 11 2021 it stayed in oversold zone 'till February 2021 and continued moving higher and higher (will it be the same this time?)
Is that a PRO or CON ?
Action :
KAVL must bounce from the 20MA line (on 1H) ,move past the ORANGE DOTTED line (resistance) and establish support or shoot past it
First resistance line (before it will close the gap) will be at around $2.95 (prev high), then $3.80 (that is the level at which it got rejected to the downside on OCT 21 2021 (LOOK AT 4h CHART )
If after rejecting from $3.80 KAVL establish support at $ around $2.90-$3, the we have a chance to close a gap at $4.42
As I mentioned before there is not much activity (if you look at VPVR (not on the current chart)) between $2.87-$4.42, so there is a chance that KAVL can shoot straight to $4.42 in one explosive move )
NOT FINANCIAL ADVICE , DO YOUR OWN DD.
P.S.Thanks for your time, please share your opinion .
Thanks !
$KAVL Next Target PTs 3.60-3.80Kaival Brands Innovations Group, Inc. distributes electronic nicotine delivery systems (ENDS Products) and related components in the Unites States. The company offers Bidi Stick, a disposable and tamper-resistant ENDS Product in various flavor options; and Bidi Pouch, a tobacco-free nicotine formulation, which contains natural fibers and a chew-base filler in different flavors. It sells its products to retail and non-retail customers through website bidivapor.com. The company was formerly known as Quick Start Holdings, Inc. and changed its name to Kaival Brands Innovations Group, Inc. in July 2019. The company is based in Grant-Valkaria, Florida. Kaival Brands Innovations Group, Inc. is a subsidiary of Kaival Holdings, LLC.
$KAVLKaival Brands Innovations Group, Inc. distributes electronic nicotine delivery systems (ENDS Products) and related components in the Unites States. The company offers Bidi Stick, a disposable and tamper-resistant ENDS Product in various flavor options; and Bidi Pouch, a tobacco-free nicotine formulation, which contains natural fibers and a chew-base filler in different flavors. It sells its products to retail and non-retail customers through website bidivapor.com. The company was formerly known as Quick Start Holdings, Inc. and changed its name to Kaival Brands Innovations Group, Inc. in July 2019. The company is based in Grant-Valkaria, Florida. Kaival Brands Innovations Group, Inc. is a subsidiary of Kaival Holdings, LLC.
$KAVLKaival Brands Innovations Group, Inc. distributes electronic nicotine delivery systems (ENDS Products) and related components in the Unites States. The company offers Bidi Stick, a disposable and tamper-resistant ENDS Product in various flavor options; and Bidi Pouch, a tobacco-free nicotine formulation, which contains natural fibers and a chew-base filler in different flavors. It sells its products to retail and non-retail customers through website bidivapor.com. The company was formerly known as Quick Start Holdings, Inc. and changed its name to Kaival Brands Innovations Group, Inc. in July 2019. The company is based in Grant-Valkaria, Florida. Kaival Brands Innovations Group, Inc. is a subsidiary of Kaival Holdings, LLC.
