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MarthaStokesCMT-TechniTrader

CDNS Bounces Off of Support

Cadence Design Systems, Inc. (NASDAQ:CDNS)  
MarthaStokesCMT-TechniTrader  
NASDAQ:CDNS   Cadence Design Systems, Inc.
Candlestick Analysis Chart Patterns Trend Analysis CDNS cadence support Support and Resistance toppingformation TOP completionlevel bounce level
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candlestick chartpattern trendanalysis cdns cadence support supportandresistance toppingformation top completionlevel bounce level
CDNS is at risk of a topping formation, but has bounced on its top completion support level. If the stock breaks through this support, the next level of support is below $50.

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Martha Stokes, CMT
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MarthaStokesCMT-TechniTrader
CDNS: patterning out speculation to provide support to move up
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