Hey everyone, Barrie here from Trade Ideas.

Today’s “What Makes This Trade Great” isn’t from the AI—this one came from a good old-fashioned earnings setup, and it turned out to be a beauty. To Subscribe: https://go.trade-ideas.com/SHQ
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Let’s talk about $DAVA (Endava plc).

This one showed up on my pre-market scan. If you’d jumped in early, around $20, you could’ve ridden it all the way down as it just fell apart post-earnings. That was where the big opportunity was. But even if you missed the early move, there was still meat on the bone.

After the market opened, $DAVA popped up on my scan again—only two names showed up today: one long, one short. $DAVA was the short.

It flagged around $16.15, and from there, it started sliding hard. We’re talking a nearly $1 move to the downside. Not bad for a simple scan.

Oh, and here’s the kicker—this stock is sitting at all-time lows. That means no support below. No historical bounce zones. Just air. When that happens, it becomes a “who knows where this ends” type of trade—perfect for short bias traders.

And the GoNoGo 5-minute chart? No color change at all. Stayed in the downtrend the whole time. That’s confirmation we love to see.

If you want the scan I use, it’s not top secret. Just pop into the trading room and ask me. I’ll be happy to share it with you.

Until tomorrow—stay sharp out there.