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Channibal

Cadence Design System Inc. - $CDNS - Swing Setup - Long

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Cadence Design Systems, Inc. (NASDAQ:CDNS)  
Channibal  
NASDAQ:CDNS   Cadence Design Systems, Inc.
LONG swing
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long swing
  • Painted a NR3 & NR7 combo to end the week
  • With rising 5ema supporting Friday's almost hammer like bar
  • Bullish RSI
  • MACD is sideway, although slightly bearish
  • Long entry above last week's high; Target at 2nd Fib, with stop at under Friday's low.

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