Long
CND - Cindicator Testing Resistance, Huge Potential on Breakout
Taking a look at the daily chart for Cindicator, we can see the price action is testing overhead resistance. The MACD is showing a bullish cross over the zero line. Given the bullish sentiment of the market, I am anticipating a breakout which could mean huge gains for CND. However, I have been burned enough to know to buy the breakout. Rejection just means better prices for bigger gains so it's a win-win scenario either way. Be patient and wait for confirmation.
Note
tradingview.com/chart/36qR2U03/ Confirmed breakout
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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.
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.