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MarthaStokesCMT-TechniTrader
Apr 10, 2019 9:30 PM

CDNS: patterning out speculation to provide support to move up 

NASDAQ:CDNS1D
Cadence Design Systems, Inc.NASDAQ

Description

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CDNS is shifting sideways after a strong run out of a bottoming formation. The sideways action patterns out some of the speculation and provides support for the stock to move higher.

Support and ResistanceCandlestick AnalysisChart PatternsCDNSsidewaysconsolidationbottomformationspeculationsupportStocks
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