$CINT is building a base you can't ignore and here's why!
* Was building out a cup an handle pattern
* Was due to break above $19 but due to the current market conditions it pulled back
* Since then $CINT has been in a range that's getting tighter and tighter
* Currently it's forming a pennant pattern
* The price has to break out of this pennant by May 11th, 2022 either to the up side or to the down side
* Just yesterday it printed a pocket pivot which is a sign of institutional accumulation
* Now's a great time to start accumulating as the consolidation's getting tighter
* You can manage risk just under the base of the pennant or around the $14.82 area
* Currently showing tonnes of strength and a high UD Ratio of 1.95 tells that it's being accumulated right now.
Outlook:
* Start accumulating
* If it breaks out of the pennant wait for a clean close above $19 to add more to your initial position
* Cut losses quickly as this can go south pretty fast should it break below the pennant.
Technicals:
* Sector: Technology - Software - Infrastructure
* Relative Strength vs. Sector: 3.54
* Relative Strength vs. SP500: 9.35
* U/D Ratio: 1.95
* Base Depth: 105.1%
* Distance from breakout buy point: -21.2%
* Volume 179.83% above its 15 day avg.
* Was due to break above $19 but due to the current market conditions it pulled back
* Since then $CINT has been in a range that's getting tighter and tighter
* Currently it's forming a pennant pattern
* The price has to break out of this pennant by May 11th, 2022 either to the up side or to the down side
* Just yesterday it printed a pocket pivot which is a sign of institutional accumulation
* Now's a great time to start accumulating as the consolidation's getting tighter
* You can manage risk just under the base of the pennant or around the $14.82 area
* Currently showing tonnes of strength and a high UD Ratio of 1.95 tells that it's being accumulated right now.
Outlook:
* Start accumulating
* If it breaks out of the pennant wait for a clean close above $19 to add more to your initial position
* Cut losses quickly as this can go south pretty fast should it break below the pennant.
Technicals:
* Sector: Technology - Software - Infrastructure
* Relative Strength vs. Sector: 3.54
* Relative Strength vs. SP500: 9.35
* U/D Ratio: 1.95
* Base Depth: 105.1%
* Distance from breakout buy point: -21.2%
* Volume 179.83% above its 15 day avg.