jfsrevg

US Stock In Play: $CLDR (Cloudera Inc)

Long
NYSE:CLDR   None
During the previous week where U.S. stock indexes suffered their biggest correction since late October 2020, $CLDR defied the market frailty via a structurally sound breakout of its Symmetrical Triangle chart pattern with substantial follow through of rally for the subsequent days. The total cumulative gain since $CLDR was highlighted on 22nd December 2020 stood at a gain of +29.45%.

With $CLDR current price volatility inching back to its September 2020 high, it will be imperative to see $CLDR re-testing its immediate resistance at $18.50 before its upcoming Q4 earnings on 10th March 2021. This resistance level was established in September of 2018.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.