When price clears: 129.65
With daily volume greater than: 1.131M
Target: 155 area
Stop: Depending on your risk tolerance; 121.22 gets you 3/1 Risk/Reward.
Resistance: 140.21 area
This swing trade idea is not trade advice and is strictly based on my ideas and technical analysis. No due diligence or fundamental analysis was performed while evaluating this trade...
A continuation idea for CNMD showing an Ascending Megaphone or an Ascending Broadening Wedge
Price will either bounce strongly off this lower trend line or breakdown further and destroy the megaphone structure
I like to favour continuation of the structure although
Bars pattern placed is just an example of how I think price will act
Daily timeframe
