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Cadence (CDNS) Bull Flag Setting Up

Cadence (CDNS) Bull Flag Setting Up

by | Dec 22, 2021 | Chart SetUps

Cadence Design (CDNS) shares hitting the ‘ready to run’ scan today in a coiled bull wedge back at the 55-EMA where shares have found support over the last week. A breakout above $184.50 triggers out of a downtrend and above a big volume shelf with room up to $196.50. MACD is nearing a bullish cross after pulling back recently and RSI remains healthy.