OptionsRising

Is this cloud stock ready to move over its IPO price?

NYSE:CLDR   None
The white dotted line connects closing prices to show the downtrend is broken. After IPO the price steadily declined, but now price has turned and made a higher high. See notes on chart. I find this stock technically attractive because price has not yet shown a parabolic increase. I will be looking for weekly RSI to stay over 50 (it might test this level with a dip and rise). This stock will be good for a longer swing trade or investment. I have Jan. 2022 expiry, 20 strike, calls.
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.