Waiting For Cirrus
Posted: October 6, 2013 Filed under: Double Bottom, wedge | Tags: Acoustic Technologies, Cirrus Logic, CRUS, Semiconductor
Cirrus Logic (CRUS) almost completed a continuation double bottom pattern. Despite the second bottom taking much longer time to form, there is an interesting symmetrical triangle forming at the breakout area, which signals an imminent & decisive movement. A successful breakout would target 30.
CRUS reminds me of a couple of posts I did earlier which had similar triangles at the breakout levels, specifically Blackberry & Pitney Bowes. Take a good look at them before and after the breakout, they tend to produce a sustained trend.
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