$CDNS showing classic signs of being under accumulation, with a six month base, multiple pocket pivots and an up/down ratio of 1.43 - it has an acc/dis rating of A- on IBD and features in the top 50, with a composite rating of 96. Definitely worth keeping on watch for a break over $168.83
There is also an ABC bullish pattern inside the rectangle. The target for this pattern is D. As a rule, price will reverse when it hits D if the pattern makes it to D. There is resistance from the upper trendline of the rectangle. In order for price to see full realization of the ABC bullish pattern, the upper trendline of the rectangle will need to be...
Bearish Fundamental - High PE - Negative PEG ratio - Weak industry group TA - Bearish momentum divergence - Momentum diving - Broke down trend line - Rejected retest - Rejected fibo - Strong supper / resistance at POC level
CDNS High-risk Initial Long. SL and TP on the chart. If CFD 10-20x leverage. Move SL on TP.
Cadence Design Systems ( NASDAQ:CDNS ) doesn't look very strong and is starting to regain downward momentum. If it doesn't break through the resistance line ($156-$158) in the coming weeks, I anticipate it will close the tiny gap between $136.96 and $137.11 and then test support near $125-$126 (if not lower to $120 - dotted blue line). Death cross started in...
Is it time for overpriced tech stocks like Cadence Design Systems , specialising in software and hardware, to go into considerable correction to let some steam out? Fundamental indicators: Revenue and Profits - demonstrated consistent long-term earnings growth over the past 10 years Profit margin - 23% in 2021 but dropped from 42% in 2020 P/E -...
Cadence is meeting its resistance on daily chart. right shoulder is forming and potentially may go down to 148 levels! If it breaks it can touch its previous highs at 180s
Bearish divergence on 4H and Daily. Daily stoch RSI turning down after overbought condition, stoch RSI already declining on 4H. Divergence on MACD-H and EFI as well. Entry: 158.85 Stop: 164,13 TP1: 148.1 TP 2: 145,6
tp 8 % tp 13 at 167 buy 1 at 154 risk 9 at 145 ( 1 : 1,4 ) risk 6 % Financial Strength 7 Profitability Rank 9 Valuation Rank 1 Last Report 2021.06 Trend from 2011.08 Pattern_m - Pattern_w - Pattern_d - EMA_m (trend) - EMA_w (trend) - EMA_d (trend) - MACD_gist_m (divergence) - MACD_gist_w...
uptrend Breakout by a good bullish candle; while s&p500 is a good mod, can be a profitable position by setting SL at about 170
The range resistance level could be broken upwards with the minimum target level around 180.
Breaking out of 4 Month Long Rectangle 200 DMA Holding dips Want to see volumes on a higher side
uptrend Although it wasn't typical pullback but i suppose it can be a buying opportunity . Sure SL can be at 145
A daily close above $129 should bring CDNS up to at least close the gap.
Earnings beating + good news and good growth mean that some firm cashed in on their investment which drove the price down. stop-loss before the next resistance 2:1 return long
The PEAD projected a slight bullish outlook after positive over reaction following its earnings release placing the stock in drift B If you would like to see the Drift for another stock please message us. Also click on the Like Button if this was useful and follow us or join us.