CTSH – Cognizant Stock sold off hard into a major support aroun
CTSH – Cognizant
Stock sold off hard into a major support around 50.
* Lost 62 → downside acceleration
* Now at key level + Fibonacci 1.0
* Rising volume → possible capitulation
👉 Interest zone: 50 – 46
Not going heavy yet.
Waiting for a weekly reaction or a fake breakdown below 50.
🎯 Bounce targets:
* 62 first
* 74 next
⚠️ Weekly close below 50 → scenario changes
Stock sold off hard into a major support around 50.
* Lost 62 → downside acceleration
* Now at key level + Fibonacci 1.0
* Rising volume → possible capitulation
👉 Interest zone: 50 – 46
Not going heavy yet.
Waiting for a weekly reaction or a fake breakdown below 50.
🎯 Bounce targets:
* 62 first
* 74 next
⚠️ Weekly close below 50 → scenario changes
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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.
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.