Trade Setup Breakdown for CRNC (30-Min Chart)!📊
🔹 Stock: CRNC (NASDAQ)
🔹 Timeframe: 30-Min Chart
🔹 Setup Type: Support Retest & Breakout Trade
🚀 Trade Plan:
✅ Entry Zone: $15.40 - $15.50 (Support Retest & Breakout Confirmation)
✅ Stop-Loss (SL): $14.84 (Below Key Support)
🎯 Take Profit Targets:
📌 TP1: $16.09 (First Resistance)
📌 TP2: $16.80 (Extended Target)
📊 Risk-Reward Ratio Calculation:
📉 Risk (Stop-Loss Distance):
$15.48 - $14.84 = $0.64
📈 Reward to TP1:
$16.09 - $15.48 = $0.61
💰 Risk-Reward Ratio to TP1: 1:0.95
📈 Reward to TP2:
$16.80 - $15.48 = $1.32
💰 Risk-Reward Ratio to TP2: 1:2.06
🔍 Technical Analysis & Strategy:
📌 Breakout Confirmation: Price holding above $15.40, testing prior breakout zone.
📌 Pattern Formation: Ascending Support Retest, signaling bullish continuation.
📊 Key Support & Resistance Levels:
🟢 $14.84 (Support / SL Level)
🟢 $15.40 - $15.50 (Breakout Zone)
🟢 $16.09 (First Profit Target / Resistance)
🟢 $16.80 (Final Target for Momentum Extension)
🚀 Momentum Shift Expected:
If the price sustains above $15.50, we could see an upside rally towards $16.09 and $16.80.
🔥 Trade Execution & Risk Management:
📊 Volume Confirmation: Ensure strong buying volume above $15.50 before entering.
📈 Trailing Stop Strategy: If price reaches TP1 ($16.09), move SL to $15.50 to lock in profits.
💰 Partial Profit Booking Strategy:
✔ Take 50% at $16.09, let the rest run to $16.80.
✔ Adjust Stop-Loss to Break-even ($15.50) after TP1 is hit.
⚠️ Fake Breakout Risk:
If price fails to hold above $15.40, be cautious and avoid entering early.
🚀 Final Thoughts:
✔ Bullish Setup – If price sustains above $15.50, a strong move is expected.
✔ Momentum Shift Possible – Watch for volume increase to confirm the trend.
✔ Favorable Risk-Reward Ratio – 1:0.95 to TP1, 1:2.06 to TP2.
💡 Stick to the plan, manage risk, and trade smart! 🚀🏆
🔗 #StockMarket #CRNC #TradingSetup #TechnicalAnalysis #BreakoutTrade #DayTrading #MarketTrends #ProfittoPath
C2RN34 trade ideas
$CRNC - Would you chase?NASDAQ:CRNC hits the upper trendline of the descending wedge on a recent breakout. If the wedge plays out, the measured move for the wedge is $81, suggesting significant upside potential.
The $31 area is a hard resistance area to watch. Targets are shown in the chart.
As always, I share my opinions and trades. I'm not suggesting that anyone follow my trades. You do you.
$13 to $20 vertical in 90 minutes after 2 Buy Alerts $CRNCThat's the definition of Fresh Cash Friday 🤑
Early mention in $12's just minutes after market open about gap up to close into $14
Once it got there another dip buy at $13 for a double ride back up
Then once resistance was eaten out $16+ buy for $20 vertical
Whole team getting fresh cash
CRNC - Nov 24 Extremes To Median CorrectionsStrategy - Extremes To Median Corrections
21 Nov Earnings: Sales are the lowest in the past seven quarters. No clear justification for the 172% spike, likely also contributed by a short squeeze.
I expect price to normalise towards the median or the H1 SMA100.
This is also a bet that greater force (RUT) will be unable to breakthrough it’s current key level and breakdown.
Grading B 6points
The idea
No idea, it is a pure technical play +1
Stocks fundamental are also aligned +1
Greater force (Broad market)
Confluence in direction +2
Technical positioning
Three elements +2
- Price within consolidation
- There is long momentum candle to signal entry
- Volume has died out
- Risk reward is 1.99 - 2.88R
Cup and Handle! Long CRNCI am bullish on CRNC on the basis of a cup and handle formation that offers an attractive risk/reward. The cup and handle is a bit "broken" only because of a gap-up due to CRNC being added to an index. We have now closed that gap at $109 and it appears that the bullish move is ready to continue. I am eyeing two targets for this trade at the 0.786 fib line and near the previous ATH of $139 where it would likely face resistance.
Other considerations:
1. This move is dependent on growth stocks, so if Treasury yields rebound and it forces a risk-off market, this trade will likely fail.
2. Earnings are coming up and as we can see, CRNC is volatile, so expect a sharp move following the report.
TP1: ~$126 (+16%)
TP2: ~$137 (+25%)
Published trade statistics:
Win Percentage: 6/8= 75%
Avg Gain on Wins: 12%
Avg Loss on Losses: -13%
Weighted Avg P/L % : 5.98%
Pending Trades (including this post): 3
- Sultan of Chart
*This is not financial advice*
CRNC, Aroon Indicator entered an Uptrend on December 28, 2020.Over the last three days, Tickeron's A.I.dvisor has detected that CRNC's AroonUp green line (see chart) is above 70, while the AroonDown red line is below 30. When the green line goes above 70 while the red line stays below 30, this is an indicator that the stock could be poised for a strong Uptrend. For traders, this could mean going long the stock or exploring call options in the next month. Tickeron's A.I.dvisor backtested this indicator and found 98 similar cases, 94 of which were successful. Based on this data, the odds of success are 90%. Current price $100.98 is above $61.60 the highest support line found by Tickeron A.I. Throughout the month of 11/24/20 - 12/28/20, the price experienced a +20% Uptrend. During the week of 12/18/20 - 12/28/20, the stock enjoyed a +3% Uptrend growth.
Bullish Trend Analysis
The Moving Average Convergence Divergence (MACD) for CRNC just turned positive on December 17, 2020. Looking at past instances where CRNC's MACD turned positive, the stock continued to rise, Tickeron A.I. shows that in 8 of 9 cases over the following month. The odds of a continued upward trend are 89%.
CRNC moved above its 50-day Moving Average on October 07, 2020 date and that indicates a change from a downward trend to an upward trend.
The 10-day Moving Average for CRNC crossed bullishly above the 50-day moving average on October 16, 2020. This indicates that the trend has shifted higher and could be considered a buy signal. Tickeron A.I. detected that in 2 of 2 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are 90%.
Following a +7.98% 3-day Advance, the price is estimated to grow further. Considering data from situations where CRNC advanced for three days, in 77 of 85 cases, the price rose further within the following month. The odds of a continued upward trend are 90%.
The Aroon Indicator entered an Uptrend today. Tickeron A.I. detected that in 94 of 98 cases where CRNC Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 90%.
CRNC Long Long Long PT : 97 -99CRNC is the leader in AI intergrated system with
cars, multiple contract with a lot of car maker including
tesla.
Cerence have been extremely obedient to its channel and
now its tries to take off that previous ATH. A nice pullback
has occured which is very bullish because we see a clear
rebound on the support.
Long entry at 93.97
1st PT : 97 and 2nd : 99
Stop loss 89.65 because i would personnaly average down.
CRNC had a very steady and crashes resilient.
CRNC, Aroon Indicator entered an UptrendOver the last three days, Tickeron's A.I.dvisor has detected that CRNC's AroonUp green line (see chart) is above 70, while the AroonDown red line is below 30. When the green line goes above 70 while the red line stays below 30, this is an indicator that the stock could be poised for a strong Uptrend. For traders, this could mean going long the stock or exploring call options in the next month. Tickeron's A.I.dvisor backtested this indicator and found 90 similar cases, 86 of which were successful. Based on this data, the odds of success are 90%. Current price $90.24 is above $61.60 the highest support line found by Tickeron A.I. Throughout the month of 11/03/20 - 12/04/20, the price experienced a +53% Uptrend, while the week of 11/27/20 - 12/04/20 shows a -0.08% Downtrend.
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on November 11, 2020. You may want to consider a long position or call options on CRNC as a result. Tickeron A.I. detected that in 19 of 22 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 86%.
CRNC moved above its 50-day Moving Average on October 07, 2020 date and that indicates a change from a downward trend to an upward trend.
The 10-day Moving Average for CRNC crossed bullishly above the 50-day moving average on October 16, 2020. This indicates that the trend has shifted higher and could be considered a buy signal. Tickeron A.I. detected that in 2 of 2 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are 90%.
Following a +9.73% 3-day Advance, the price is estimated to grow further. Considering data from situations where CRNC advanced for three days, in 71 of 79 cases, the price rose further within the following month. The odds of a continued upward trend are 90%.
The Aroon Indicator entered an Uptrend today. Tickeron A.I. detected that in 86 of 90 cases where CRNC Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 90%.
$CRNC can rise in the next daysContextual immersion trading strategy idea.
Cerence Inc. provides A.I. powered assistants and innovations for connected and autonomous vehicles.
The share price rose after good earnings. I see some preconditions the share price will continue growing.
The demand for shares of the company still looks higher than the supply.
These and other conditions can cause a rise in the share price in the next days.
So I opened a long position from $35,14;
stop-loss — $33,71.
Information about take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
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