scorpious
Long

Cup and Handle on CRNT

NASDAQ:CRNT   CERAGON NETWORKS LTD
Here is what I believe is happening.

CRNT 0.00%is in a cup and handle pattern, with the initial handle under formation.


1. Its currently short term over sold
2. Initial Handle formation is in the process. It may be up to 30% of the cup and take support at 2.60.
3. Because of heavy bearish volume today and over the past few days, I believe further drop in price may be possible and the stock could find support at a around 2.5 - 2.56.

- cheers
Scorp
it was a good trade. trade closed. today
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Help Center Refer a friend Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out