CDNS: patterning out speculation to provide support to move up

Cadence Design Systems, Inc. (NASDAQ:CDNS)

NASDAQ:CDNS Cadence Design Systems, Inc.

supportandresistance candlestick chartpattern cdns sidewaysconsolidation bottomformation speculation support stocks

CDNS is shifting sideways after a strong run out of a bottoming formation. The sideways action patterns out some of the speculation and provides support for the stock to move higher.

Martha Stokes, CMT
ttrader.im/tv-candlesticks

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