CRNT - Channels Channels with the vertical lines being the middle point
Recovery movement back up to the previous resistance
I have tried to show this move with the bars pattern tool
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About Ceragon Networks Ltd
Sector
Electronic Technology
Industry
Telecommunications Equipment
CEO
Doron Ovadia Arazi
Website
ceragon.com
Headquarters
Rosh Haayin
Employees
1.408K
Founded
1996
ISIN
IL0010851660
Ceragon Networks Ltd. engages in the provision of wireless backhaul and fronthaul solutions. Its products include IP-50, IP-20, IP-20 Assured, Pointlink Stabilized Platforms, and Network & Service Management. The company was founded on July 23, 1996 and is headquartered in Tel Aviv, Israel.
BUY CRNT - TAKE PROFIT AROUND 6,25+ USDTBUY CRNT - TAKE PROFIT AROUND 6,25+ USDT
It has a very good starting point at this point to start growing.
Long CRNTCRNT hit the textbook 50% fib retracement buy zone. Because it is a pretty volatile stock, I like to use the 78.6% retracement as the stop loss to give the trade more room to be right. That would mean putting on a smaller position to take on the added risk from a wider stop.
NOTE: Earnings are soon
CRNTFloat: 63 mil
Volume: 10 mil
Turnover rate: 1/6
Comment:
So overall the stcks volume has been picking up which is good. Basically the demand for the stock is rising but the supply is at the same. Slow RSI at 27 very low for this stock, it is creating a cup but we could se a handle or a run up. But
Long CRNT- Another stock sponsored by Katie WoodsAnother Israeli company traded on the crack, similar to its companies recently, is also flourishing in its field after none other than the fund manager Ark decided to invest in the company
Ceragon Networks deals with the 5G world and everything around it, without a doubt it has more to grow in this
CRNTCRNT focuses on 5g technology, with Huawei getting booted off the 5g plan, there is much more room for growth.
Breakout of bullish flag. Opened my position today. ARK is invested in this company, and the fact that the chart looks bullish is very convincing that this will go up. Earnings are coming up, and Expect this to go higher with good earnings expected. 5G boom is here.
CRNT: Bullish FlagBullish Flag
Pros:
Descending volume during formation
PPS above 50MA and 200MA
RS above 0, and ascending
ATR Ascending
R/R ratio above 16
200MA ascending slowly
250RSI above 50
If confirmed:
PT = 8.85$
See all ideas
This info isn't a recommendation for what you should personally do, so please don't take the data as investment advice. As with any trade, always look first, then leap. Read more in the Terms of Use.
