Long

US Stock In Play: $CLDR (Cloudera Inc)

With major U.S. stock indexes (S&P, Nasdaq and Russell) unable to hold off their all time high and closing slightly lower for Wednesday session, CCLDR recovered from its intraday losses and closed with a Bullish Reversal Hammer candlestick pattern. The total cumulative gain since CCLDR was highlighted on 22nd December 2020 stood at a gain of +42.85%.

CCLDR current price volatility remaining at the range of its September 2020 high, it will be imperative to see CCLDR re-testing its immediate resistance at $18.50 before its upcoming Q4 earnings on 10th March 2021. The next minor resistance for CCLDR is at $20, which would see CCLDR doubling its price from $10 since November 2020.
Chart PatternsCLDRcldranalysiscldrbreakoutcldrbullcldrbuycldrlongclouderaFundamental AnalysisTrend Analysis

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