✅ Technical Setup
• Entry: $40.60
• Stop: $37.80
• Target Zone: $44.80 – $47.00
• R:R Ratio: ~2:1 to 3:1
📊 Chart Notes:
• Price has broken out above 50-day MA, signaling momentum shift
• Formed a solid base between $38–$40 — now showing early signs of trend continuation
• Volume picking up on up-days = accumulation
📉 Key Levels
• Support: $38.00 (base of consolidation)
• Resistance: $44.80, then $47.00 (Nov–Jan highs)
🔍 Fundamental Backing
• Strong balance sheet with stable earnings growth
• Interest-rate sensitive model benefits from elevated global rates
• Global registry and mortgage processing exposure = defensive + cashflow-positive
📌 Summary
CPU shaping up for a post-consolidation breakout backed by both technicals and fundamentals.
Solid R:R with support at recent range lows. Risk managed at $37.80.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.