CLDR - Support Trend Holding - LONGExcellent long entry point for CLDR.
Bounced off support trend line.
Excellent profit potential
Cldrlong
$CLDR - Enough sold time to buyThe support line so far hold (black line) even though the steep decline smashed in between price points.
MACD shows it is about switch, RSI has an upside hook showing trend change.
Now I believe MA200 initially will resist, but 2nd time push onwards will break it upwards.
just an idea, not investment advice
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, $CLDR recovered from its intraday losses and closed with a Bullish Reversal Hammer candlestick pattern. The total cumulative gain since $CLDR was highlighted on 22nd December 2020 stood at a gain of +42.85%.
$CLDR current price volatility remaining at the range of its September 2020 high, it will be imperative to see $CLDR re-testing its immediate resistance at $18.50 before its upcoming Q4 earnings on 10th March 2021. The next minor resistance for $CLDR is at $20, which would see $CLDR doubling its price from $10 since November 2020.
US Stock In Play: $CLDR (Cloudera Inc)During the previous week where U.S. stock indexes suffered their biggest correction since late October 2020, $CLDR defied the market frailty via a structurally sound breakout of its Symmetrical Triangle chart pattern with substantial follow through of rally for the subsequent days. The total cumulative gain since $CLDR was highlighted on 22nd December 2020 stood at a gain of +29.45%.
With $CLDR current price volatility inching back to its September 2020 high, it will be imperative to see $CLDR re-testing its immediate resistance at $18.50 before its upcoming Q4 earnings on 10th March 2021. This resistance level was established in September of 2018.
