CRNT - Channels Channels with the vertical lines being the middle point
Recovery movement back up to the previous resistance
I have tried to show this move with the bars pattern tool
CRNT trade ideas
BUY CRNT - TAKE PROFIT AROUND 6,25+ USDTBUY CRNT - TAKE PROFIT AROUND 6,25+ USDT
It has a very good starting point at this point to start growing.
Long CRNTCRNT hit the textbook 50% fib retracement buy zone. Because it is a pretty volatile stock, I like to use the 78.6% retracement as the stop loss to give the trade more room to be right. That would mean putting on a smaller position to take on the added risk from a wider stop.
NOTE: Earnings are soon, so be careful if you are going to take this setup
- Stock is at 50% retracement support area
- 20 day EMA could act as support
- On the monthly chart, the 200 month SMA has acted as a large resistance zone, so that is one bearish factor to be aware of. If the stock can get above that and close above it, that would be extremely bullish for a larger continuation of this reversal.
Trade
- Buy around $4.50
- PT1: $7.50
- PT2: $8.50
Stop loss: $2.99
CRNTFloat: 63 mil
Volume: 10 mil
Turnover rate: 1/6
Comment:
So overall the stcks volume has been picking up which is good. Basically the demand for the stock is rising but the supply is at the same. Slow RSI at 27 very low for this stock, it is creating a cup but we could se a handle or a run up. But it would be better with a pullback at 6.3 - 6.5 otherwise this stock will be extremly overextended
Long CRNT- Another stock sponsored by Katie WoodsAnother Israeli company traded on the crack, similar to its companies recently, is also flourishing in its field after none other than the fund manager Ark decided to invest in the company
Ceragon Networks deals with the 5G world and everything around it, without a doubt it has more to grow in this futuristic field.
Technically it seems that the company has reached its peak in the past and from there came relatively aggressive realizations until the average 20 gave it nice support in the 4.3 area,
Since the stock is rising nicely but getting resistance in the $ 6 range when there is currently substantial support in the $ 5 range, it seems that if you get there a lot of buyers will come to take advantage of the opportunity
The biggest thing happening in the market lately and all this is backed by Mrs. WOOD
As long as the stock is calm in the coming weeks it is likely to see another upward break
Good luck to everyone
There is no recommendation but a personal opinion only
CRNTCRNT focuses on 5g technology, with Huawei getting booted off the 5g plan, there is much more room for growth.
Breakout of bullish flag. Opened my position today. ARK is invested in this company, and the fact that the chart looks bullish is very convincing that this will go up. Earnings are coming up, and Expect this to go higher with good earnings expected. 5G boom is here.
CRNT: Bullish FlagBullish Flag
Pros:
Descending volume during formation
PPS above 50MA and 200MA
RS above 0, and ascending
ATR Ascending
R/R ratio above 16
200MA ascending slowly
250RSI above 50
If confirmed:
PT = 8.85$
sell CERAGON NETWORKS LTD Because she will fall -10%sell CERAGON NETWORKS LTD Because she will fall -10%
Buy Bottom In Two to Four Weeks - Sell One To Two Months LaterThis is in a downward channel with a period of two to three months. We appear to be coming down from a local maximum, with approximately two to four weeks until another bottom. When the price gets to the bottom trend line, it's time to buy. Then watch for a retest of the upper trend line. Sell, or wait for a break out at your leisure. Happy trading! For fun, educational purposes only, of course.
Alternative scenario: we make a double bottom around $1.70, above the lower trend line, before rebounding.
CERAGON PatternsCERAGON has formed an Adam & Adam, a triple bottom with a bottom mirror level. RSI is looking for one move down before it enters oversold territory which has historically turned the stock bullish. Symmetry can also be observed on the RSI, which is quite nice.
Waiting for a down day but could be a strong buy very soon! WATCH CLOSELY!!!
Index - P/E 11.53 EPS (ttm) 0.24 Insider Own 21.70% Shs Outstand 79.63M Perf Week 1.49%
Market Cap 216.59M Forward P/E 15.20 EPS next Y 0.18 Insider Trans 0.00% Shs Float 58.88M Perf Month 2.64%
Income 19.30M PEG 0.77 EPS next Q 0.04 Inst Own 18.80% Short Float 7.32% Perf Quarter 7.94%
Sales 314.40M P/S 0.69 EPS this Y 46.10% Inst Trans - Short Ratio 8.72 Perf Half Y -25.89%
Book/sh 2.04 P/B 1.33 EPS next Y 44.35% ROA 6.70% Target Price 3.50 Perf Year -15.53%
Cash/sh 0.36 P/C 7.47 EPS next 5Y 15.00% ROE 12.30% 52W Range 2.20 - 5.04 Perf YTD -28.04%
Dividend - P/FCF - EPS past 5Y 17.40% ROI 18.40% 52W High -46.03% Beta 1.36
Dividend % - Quick Ratio 1.40 Sales past 5Y -1.00% Gross Margin 35.20% 52W Low 23.64% ATR 0.14
Employees 958 Current Ratio 2.00 Sales Q/Q -17.30% Oper. Margin 6.90% RSI (14) 56.26 Volatility 4.80% 5.60%
Optionable Yes Debt/Eq 0.05 EPS Q/Q -76.70% Profit Margin 6.10% Rel Volume 0.88 Prev Close 2.70
Shortable Yes LT Debt/Eq 0.00 Earnings Nov 11 BMO Payout 0.00% Avg Volume 494.28K Price 2.72
Recom 2.00 SMA20 1.05% SMA50 5.69% SMA200 -16.61% Volume 436,833 Change 0.74%
CRNTMy arrows are purely for educational and visual representation of how i would like the trade to play out for executions. I have no interested in continuing to sell the majors against the USD as we are already so low!!
NASDAQ:CRNT
CRNT: Sort opportunityAn intraday high potential, Back Tested Sort Analysis.
We ll try to enter into the correction of the uptrend movement.
DETAILS ON THE CHART
NOTE: Entry range area above the entry point, is calculated upon 80% of the recorded pullback back tested past performances
DISCLAIMER: This is a technical analysis study, not an advice or recommendation to invest money on.
CRNT Breaking out.. Keeping a close eye! I believe this will see 7$ soon, already breaking out of that resistance, and for the long run 5G network will be replacing 4G network. There's good pipeline for this company.
Another Cup/Handle formationIf earnings beat expectations, and the pipeline is strong, there could be a very strong move next month.
$CRNT could be on a potential markdown phaseAll the information can be found on the chart.
Also check out our YT channel .
CRNT Hidden Bull RSI Divergence To continue from my previous post, CRNT has a major hidden bull RSI Divergence right before their earnings call. Coupled that with the long signal from weeks before from my script, it looks very promising.
Also, keep an eye out on my Fib resistance lines. CRNT has a nice pattern of playing on those lines.
Lets hope for big gains on Monday and Tuesday.
(Sorry about the small chart, updating on my phone while on vacation).
CRNT - A Hidden JewelA little known stock called Ceragon Networks will play a role in the rollout of 5G networks in the United States. With the earnings call coming in less than a week, I see this bullish stock to test the resistance around $4.07. I have this in my mid term portfolio til 5G rolls out.
Could this be a 4 month set up for another big moveIt looks like another Cup/Handle may be forming. This could be a BIG move in the fall, as we get closer to 5G implementation nationwide.
