Updated
CUDA: Extended Consolidation
Disappointing earnings guidance from CUDA 1.83% during its last earnings reports resulting in a 16% downside gap.
It has resulted in an extended consolidation in the form of W-X-Y.
Prices are in the midst of completing Wave Y.
A break of critical support at 9.44 (Dotted Red Line) will invalidate this analysis.
(Previous Analysis)
It has resulted in an extended consolidation in the form of W-X-Y.
Prices are in the midst of completing Wave Y.
A break of critical support at 9.44 (Dotted Red Line) will invalidate this analysis.
(Previous Analysis)
Note
Stong bullish price action has swung the momentum back to the bulls.An amendment to the chart interpretation will anticipate a upcoming strong uptrend.
Break of Minuette Wave (ii) at $19.06 will invalidate this interpretation.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.