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jason_rpprt
Nov 10, 2023 1:04 PM

Potential Short on CDNS Short

Cadence Design Systems, Inc.NASDAQ

Description



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



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