Bearish div on 4H and 1D for CDNS Stock Short

Cadence Design Systems, Inc.NASDAQ

Description

⋅ Mar 28, 2022 12:43 PM

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