Waiting For Cirrus

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.

CRUS Daily

CRUS Daily

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One Comment on “Waiting For Cirrus”

  1. bouraq says:

    Gorgeous looking setup. Thanks Chartist.

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