شراء
CDEV: Cup and Handle Breakout Confirmed
NASDAQ:CDEV
This is not financial advice. Just a swing at charting and ideas.
On 4/28, we see the right of the cup. The handle leveled off over the next seven days. Following CDEV's after-market earnings report, on 5/5 the volume spiked and there was a $0.61 gain from previous close price to a high of $4.86.
Price target is $5.50.
If the bullish trend continues we could see another cup formation. Considering the spread of the prior advance (Nov 2020-Mar 2021), the pullback and subsequent [continuing] rise of the new cup; these are healthy indicators priming CDEV to retest the previous high of $6.24.
This is not financial advice. Just a swing at charting and ideas.
On 4/28, we see the right of the cup. The handle leveled off over the next seven days. Following CDEV's after-market earnings report, on 5/5 the volume spiked and there was a $0.61 gain from previous close price to a high of $4.86.
Price target is $5.50.
If the bullish trend continues we could see another cup formation. Considering the spread of the prior advance (Nov 2020-Mar 2021), the pullback and subsequent [continuing] rise of the new cup; these are healthy indicators priming CDEV to retest the previous high of $6.24.
أغلقت الصفقة: تم الوصول للهدف
The idea of a larger cup formation didn't pan out, but CDEV continued it's uptrend (wave 3). It reached the target price of $6.24 around June 4th-7th and then for about two weeks it tested the $7.00 resistance. Today, it broke through that line and reached a high of $7.58, closing at $7.04.
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إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.