the valleys and troughs of volume signals a good trade.
NASDAQ:CDNS Hey, traders. Well, obviously, it'll storm the new historical high. We're gaining up a position to break through. Wait for the long above the level.
I. Analysis 1. Strong in an uptrend as defined by the series of hh/hl + price trading above 20MA - looking for long opportunities 2. 20MA tested trice as support and held - value zone identified 3. Significant bullish pinbar formed upon third test of 20MA - entry trigger To sum up, we are trading in the direction of the trend - after all the trend is our friend....
Nice double divergence here, could fall to $67 $70 but long term is bullish, strong fundamentals and a great opportunity if it pullbacks.
CDNS shows signs of a double top. With the coronavirus also making markets uncertain and bad US data this makes this trade a good one. Stop-Loss slightly above all-time highs
After a failed breakout, last week it got above the pivot resistance with high volume but rsi is still below the trendline.
On the verge of breakout Possible long entry $77.83 Target price $86.00 Stop loss $75.69 RSI in strong uptrend and room to run higher. Upgrade rating from Benchmark Benchmark analyst Ruben Roy assumed coverage of Cadence Design with a Buy rating and $90 price target. He believes both Cadence and Electronic Design Automation competitor Synopsys (SNPS) are...
CDNS is at risk of a topping formation, but has bounced on its top completion support level. If the stock breaks through this support, the next level of support is below $50.
$entry level $70.50 = Price target $79.00 = Stop loss $68.00 Technically very bullish and on the fundamentals of the recent earnings a rally looks imminent. Earnings summary. Cadence Design Systems (NASDAQ:CDNS) +5.2% reports Q3 beats with in-line Q4 guidance that sees $590-600M (consensus: $592.8M) in revenue and $0.52-0.54 EPS (consensus: $0.52). The FY19...
CDNS GAP ANTICIPATION LONG EARNING SEASON
CADENCE DESIGN SYSTEMS INC. NASDAQ ($CDNS) After a 80% gain so far in 2019, CDNS is reaching a resistance point on which provides a tradable opportunity long or short. The stock has outpaced all but a few stocks this year in a in favourable sector, attracting money that the Semi and Chip stocks have lost, there may be the danger, rotation could be on the way back...
All time high is broken, monthly & weekly is trending up. D1 created new demand zone breaking all time high.
Like the trend on this one.