Channibal
Long

Cadence Design System Inc. - $CDNS - Swing Setup - Long

NASDAQ:CDNS   CADENCE DESIGN SYSTEM INC
4 0 0
  • Painted a NR3 & NR7 combo to end the week
  • With rising 5ema supporting Friday's almost hammer like bar
  • Bullish RSI
  • MACD is sideway, although slightly bearish
  • Long entry above last week's high; Target at 2nd Fib, with stop at under Friday's low.

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