Description
⋅ CDNS located in California is a software firm supporting computer assisted design ( ACAD) for
the semi-conductor industry. While its customer base gets the headlines, this company helps
make it happen. The 120 minute chart looks good as price is uptrending with good volume
and relative strength. Earnings have been solid and another is around the corner. Price has
appreciated 40% in six months. the trend angle of 13 degrees over the continuous uptrend
is solid. I see this as a buy now before the earnings or after a minor correction to get a bit of
a discount.
Trade active
⋅ Took what the price action gave me- in on the discount.
Trade active
⋅ Added to the position while market pulled back.