I am long term bullish on CEVA and expecting it to reach its first target in next few months around $70 and then potentially test previous highs and breakout. Current priced bounced from 0.50 Fib (it did went little more further but reversed) and technically speaking should go to $70.00 and so on... RSI shows bullish divergence on daily as well also double...
My trading software has detected a double bottom in CEVA. The price is currently under the breakout line, but I suspect it will move north soon (it happens often in this pattern that the price dips - actually the stock is a bit cheaper now). Visit my site lookintotrade.com for: - free articles! - trading software - trading ideas
Last Friday, overall tech stocks plunged due to a macro event where Robert Boroujerdi, global chief investment officer at Goldman Sachs, warned that low volatility in Facebook, Amazon.com, Apple, Microsoft and Google parent Alphabet may be blinding investors to risks such as cyclicality and regulation. Through this I identified a few major tech counters that...
Cup and handle daily formation observed in CEVA. Target around >36