Panjang
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.
Dagangan ditutup: sasaran tercapai
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.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.