CRDO: Cloud + EMAs Aligning for Upside ContinuationCRDO - CURRENT PRICE : 162.95
CRDO is showing a bullish reversal setup as price rebounds and closes back above the EMA50 while holding firmly above the Ichimoku Cloud , signaling the major trend remains intact. Momentum is improving with RSI rising above 50 and not yet overbought, supported by increasing volume on the recent bullish white candlestick.
Today’s move above the 20-day SMA adds a positive layer to the short-term trend structure. Short term targets are 175.00 and 185.00 while support is 148.00.
ENTRY PRICE : 160.00 - 162.95
FIRST TARGET : 175.00
SECOND TARGET : 1.85
SUPPORT : 148.00
Sma20
ANET - Rebounds from EMA 50ANET - CURRENT PRICE : 148.00 - 149.00
Technical Rationale:
1. Rebound from Key Moving Average Support
The stock price has rebounded strongly from the 50-day EMA, which has acted as a dynamic support level throughout the uptrend. This rebound indicates renewed buying interest at a technically significant area.
2. Bullish Momentum Confirmation
ANET has crossed above the 20-day SMA, suggesting a short-term shift back to bullish momentum after a healthy pullback. This crossover reflects improving short-term trend strength.
3. Rising Support Line Intact
The long-term rising support trendline remains intact, confirming that the broader uptrend structure is well-maintained. Each corrective phase has so far been supported near this line, reinforcing the bullish bias.
4. Momentum Indicator (RSI)
The RSI is recovering from the mid-zone (~53), showing that bullish momentum is building again without being overbought. This supports the potential for further upside continuation.
ENTRY PRICE : 148.00 - 149.00
FIRST TARGET : 162.00
SECOND TARGET : 173.00
SUPPORT : 136.00
Sfix forming for an uptrend soonThe setup is amazing. It stays under that downtrend line and possibly it will go down to 42$ level and start making higher highs and higher lows which means it is in an uptrend. So, i will be watching it very carefully at the support and at the break. Also, you can use the SMA20 as a resistance for now and might be used as a support soon. 😁🤞
-If you have any questions to this post, feel free to ask me anything you would like to!













