CDNA cup and handle CDNA has formed a nice cup and handle pattern. The cup and handle target is around $50 near the top of the red channel within the larger white channel. With the big analyst upgrades this stock has been receiving CDNA could break the red channel to the upside and continue up the white channel.
CDNA trade ideas
CDNA and a RetestCDNA - looking to retest $5.50/$5.53 before it can make a run to $6.29 range.
Consolidation of volume, RSI waiting to make a move, breakout of the falling wedge, the candlestick, to me on this day 03/01, shows me that ultimately there's an agreement in price. However, almost a $0.50 swing here as well, as investors begin to stare each other down.
Let's see what happens!
*Disclaimer - I am not a financial advisor. These are merely my opinions. Do your own research and formulate your own opinions regarding any moves you make. Seek professional investing assistance.
CDNA to continue growthAfter a 153.77% run in 3 months, CDNA has entered into a nice consolidation pattern which it is currently near the bottom of. This trade has great risk/reward of 3.5
Entry: 2.69
Stop Loss: 2.58
Initial Profit Target: 3.08
Depending on how to stock acts near its all time highs, I will decide to continue to hold for a breakout or sell and take profits
CDNA