Casa Systems, Inc. engages in the provision and development of digital cable video and broadband services. Its products include cable, fixed, mobile, optical, and Wi-Fi networks; and casa access devices. The company was founded by Jerry Guo in 2003 and is headquartered in Andover, MA.
An intraday high potential, Back Tested Sort Analysis.
We ll try to enter into the correction of the uptrend movement.
DETAILS ON THE CHART
NOTE: Entry range area above the entry point, is calculated upon 80% of the recorded pullback back tested past performances
DISCLAIMER: This is a technical analysis study, not an advice or recommendation to invest money on.
Wait for breakout of long term downtrend
we can see big weekly accumulation
lot of gaps to fill on the daily
Shs Float 28.61M
Short Float 5.18%
Insider Own 17.50%
Casa is a leading provider of converged broadband infrastructure technology solutions for wireless, cable and fixed networks.
unveiled its new NetComm CloudMesh: provides leading network...
CASA share prices dropped with a massive gap in today's opening trades and are currently attempting a breakthrough 8.22 resistance to the upside. If successful, then I expect resistance at around 8.85-8.64 for a short position with a target price at 8.22.
If it fails to hold above 8.22, then we could see a further drop to 7.81- 7.39