An idea for CVLT showing a W pattern containing within it a Cup and Handle pattern
This Cup and Handle will lead to continuation for the bulls.
Down channel is evident during the cup but the handle is where the bulls take control.
Impressive relative strength on this software tech name. Looks about ready to complete its cup with handle base.
Commvault Systems Inc (CVLT)- DEVELOPS BACKUP AND RECOVERY, REPLICATION, ARCHIVAL AND STORAGE MANAGEMENT SOFTWARE FOR ENTERPRISES.
CVLT has recently broken out of a flag position and has decreased in price. However the stock hit prior support and rose in price. The RVI is showing a flag pattern, so we could see a short-term rise in volatility. Also, the RSI is has been rising for the last few days. So, I am putting my long position above the 50 ma which is providing resistance and potential...
