✅ Massive Spike:
Closed at $3.87, up +68.26% on the day.
Range: low $2.28 → high $5.69.
Huge single-day move after a long downtrend.
✅ Volume Surge:
Monster volume spike—the highest in months—suggests news-driven or catalyst-based buying.
✅ Trend Shift:
Clean breakout through the descending short-term SMA.
Prior steady fade reversed violently upward.
✅ ATR Rising:
ATR picking up after months of decline → volatility is back.
✅ Key Levels:
Resistance: $5.69 (today’s high).
Support: $3.00–$3.20 (prior consolidation and possible pullback zone).
Further support near $2.10 if the breakout collapses.
💡 Trade Idea – SVRE
Setup: Breakout continuation OR dip buy after spike.
✅ Breakout Play
Long Entry: Over $5.75 (if it reclaims HOD).
Stop Loss: $4.80 (under intraday support).
Target 1: $6.80 (whole number + extension).
Target 2: $7.50–$8.00 (momentum stretch).
✅ Dip Buy Play
Long Entry: $3.20–$3.40 zone.
Stop Loss: $2.85 (below low of pullback structure).
Target 1: $4.50.
Target 2: $5.20.
R/R Example (Dip Buy):
Entry: $3.30
Risk: $0.45 → ~13.6%
Target 1 gain: $1.20 → 36%
Target 2 gain: $1.90 → 57%
Why This Trade?
Significant volume signals genuine interest.
Breakout from a prolonged downtrend.
Low float names often see multi-day momentum after such spikes.
If $3.00 breaks hard on volume → flip bias short toward $2.10.
Disclosure: This is not financial advice. Always perform your own research.