Hello, $CTXS currently displaying what looks to be a bearish ascending wedge reversal pattern plus a pretty obvious bearish divergence on the daily RSI -- Short if you want.
$CTXS is about to break the pivot resistance. Volume is still below the average. RSI is rising but still more strength.
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CTXS moved with strong momentum to a bottom completion resistance level recently. The stock may retrace and retest before breaking through the resistance.
Daily doji and slow stochastic cross.
Opening 2 orders with 1% risk each.
First order with 1:2 Risk:Reward ratio; the second till the main support for a massive 1:7 R:R
Good luck
Big Picture:
US markets are strong, so I like long ideas. Despite, this stock looks weak I think if market break up failure scenario will come into play money will rotate from stocks that are on highs to underperforming stocks. And if market will continue showing strength momentum will cautch up this stock as well.
This technology company grew up from $20 since...
