* Was building out a cup an handle pattern
* Was due to break above $19 but due to the current market conditions it pulled back
* Since then
CINT has been in a range that's getting tighter and tighter
* Currently it's forming a pennant pattern
* The price has to break out of this pennant by May 11th, 2022 either to the up side or to the down side
* Just yesterday it printed a pocket pivot which is a sign of institutional accumulation
* Now's a great time to start accumulating as the consolidation's getting tighter
* You can manage risk just under the base of the pennant or around the $14.82 area
* Currently showing tonnes of strength and a high UD Ratio of 1.95 tells that it's being accumulated right now.
Outlook:
* Start accumulating
* If it breaks out of the pennant wait for a clean close above $19 to add more to your initial position
* Cut losses quickly as this can go south pretty fast should it break below the pennant.
Technicals:
* Sector: Technology - Software - Infrastructure
* Relative Strength vs. Sector: 3.54
* Relative Strength vs. SP500: 9.35
* U/D Ratio: 1.95
* Base Depth: 105.1%
* Distance from breakout buy point: -21.2%
* Volume 179.83% above its 15 day avg.
* Was due to break above $19 but due to the current market conditions it pulled back
* Since then
* Currently it's forming a pennant pattern
* The price has to break out of this pennant by May 11th, 2022 either to the up side or to the down side
* Just yesterday it printed a pocket pivot which is a sign of institutional accumulation
* Now's a great time to start accumulating as the consolidation's getting tighter
* You can manage risk just under the base of the pennant or around the $14.82 area
* Currently showing tonnes of strength and a high UD Ratio of 1.95 tells that it's being accumulated right now.
Outlook:
* Start accumulating
* If it breaks out of the pennant wait for a clean close above $19 to add more to your initial position
* Cut losses quickly as this can go south pretty fast should it break below the pennant.
Technicals:
* Sector: Technology - Software - Infrastructure
* Relative Strength vs. Sector: 3.54
* Relative Strength vs. SP500: 9.35
* U/D Ratio: 1.95
* Base Depth: 105.1%
* Distance from breakout buy point: -21.2%
* Volume 179.83% above its 15 day avg.
면책사항
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면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.