After $AVAV (+0,43%) lost 17% out of nowhere at the beginning of March, a first bottom was formed at $196.29, which may have been confirmed today after trading hours due to earnings at $196.20.
Those who are willing to take risks but trade in a structured manner or have set the buy limit in this area should set the SL at around $194 if old longs are still being fished out. The risk/reward ratio would be immense.
If you want to play it safe, you can wait for the retracement of the 1st wave in the 1h. Would expect a strong uptrend, i.e. 0.382 retracement rather than golden pocket :)
