Channels with the vertical lines being the middle point
Recovery movement back up to the previous resistance
I have tried to show this move with the bars pattern tool
CRNT hit the textbook 50% fib retracement buy zone. Because it is a pretty volatile stock, I like to use the 78.6% retracement as the stop loss to give the trade more room to be right. That would mean putting on a smaller position to take on the added risk from a wider stop.
NOTE: Earnings are soon, so be careful if you are going to take this setup
- Stock is at...
Float: 63 mil
Volume: 10 mil
Turnover rate: 1/6
Comment:
So overall the stcks volume has been picking up which is good. Basically the demand for the stock is rising but the supply is at the same. Slow RSI at 27 very low for this stock, it is creating a cup but we could se a handle or a run up. But it would be better with a pullback at 6.3 - 6.5 otherwise this...
Another Israeli company traded on the crack, similar to its companies recently, is also flourishing in its field after none other than the fund manager Ark decided to invest in the company
Ceragon Networks deals with the 5G world and everything around it, without a doubt it has more to grow in this futuristic field.
Technically it seems that the company has...
Opened my position today. ARK is invested in this company, and the fact that the chart looks bullish is very convincing that this will go up. Earnings are coming up, and Expect this to go higher with good earnings expected. 5G boom is here.
This is in a downward channel with a period of two to three months. We appear to be coming down from a local maximum, with approximately two to four weeks until another bottom. When the price gets to the bottom trend line, it's time to buy. Then watch for a retest of the upper trend line. Sell, or wait for a break out at your leisure. Happy trading! For fun,...
CERAGON has formed an Adam & Adam, a triple bottom with a bottom mirror level. RSI is looking for one move down before it enters oversold territory which has historically turned the stock bullish. Symmetry can also be observed on the RSI, which is quite nice.
My arrows are purely for educational and visual representation of how i would like the trade to play out for executions. I have no interested in continuing to sell the majors against the USD as we are already so low!!
NASDAQ:CRNT
An intraday high potential, Back Tested Sort Analysis.
We ll try to enter into the correction of the uptrend movement.
DETAILS ON THE CHART
NOTE: Entry range area above the entry point, is calculated upon 80% of the recorded pullback back tested past performances
DISCLAIMER: This is a technical analysis study, not an advice or recommendation to invest money on.
I believe this will see 7$ soon, already breaking out of that resistance, and for the long run 5G network will be replacing 4G network. There's good pipeline for this company.
