TheChartHub

Approaching key support for a breakout

TheChartHub Updated   
NASDAQ:CIDM   None
Trading within a long-term symmetrical triangle with a few attempts to break above. The current price action is choppy and a bit overextended. Watching the 4H support to hold for a bounce otherwise, it might continue consolidation.

Not financial advice
Comment:
A possible bull trap. The further downside can be expected to near the weekly support but overall the company is positively operating in accordance with the bullish market.
Comment:
Lower high...

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.