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jason_rpprt

Potential Short on CDNS

Short
Cadence Design Systems, Inc. (BATS:CDNS)  
jason_rpprt Updated   
BATS:CDNS   Cadence Design Systems, Inc.
Trend Analysis Chart Patterns Wedge nyse CDNS shorts tradingsignals trading
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trendanalysis chartpattern wedgepattern nyse cdns shorts tradingsignals trading
snapshot

CDNS is currently in an ascending wedge with bearish RSI divergence. Look for a break of trend on smaller timeframe for entry, SL above last swing high, moving SL to BE when safe to do so.
Comment:
snapshot

Update to pattern has now rejected off top of channel will place short on pullback and bounce
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