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Peet_Serfontein
Dec 4, 2023 11:21 AM

CDNS: healthy correction? Short

Cadence Design Systems, Inc.NASDAQ

Description

A price action below 271.00 supports a bearish trend direction.
Crossing below 267.00 will trigger further support for the short-sell position.
The target price is set at 256.00 (its 38.2% Fibonacci retracement level).
The stop-loss is set at 282.00 (just above the full retracement).

A "healthy correction" in the stock market typically refers to a short-term decline in stock prices that is considered normal and even beneficial for the overall health of the market
Comments
snour
Thank you for your idea.
Now, is it going bullish?
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