Cadence Design Syst | Short to Support

Cadence Design Systems ( CDNS ) doesn't look very strong and is starting to regain downward momentum. If it doesn't break through the resistance line ($156-$158) in the coming weeks, I anticipate it will close the tiny gap between $136.96 and $137.11 and then test support near $125-$126 (if not lower to $120 - dotted blue line). Death cross started in early March with the 50 EMA crossing below to the 200 EMA.

P/E 59.8 and insiders continue to sell.

עסקה סגורה: היעד הושג:

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