Tech stocks for the comeback? $CNXC
Updated
Concentrix is an American business services company specializing in customer engagement and business performance. With good revenue growth for the last 3 years the stock is looking good for a long entry.
After a double-bottom breakout,
CNXC took a pause to make a good pennant with a pivot buy at $208.58. I realy like the fact that the price bounced off the 50-day MA two times, that is a good sign of strength.
I would start with a small position as it will announce earnings soon.
After a double-bottom breakout,
CNXC took a pause to make a good pennant with a pivot buy at $208.58. I realy like the fact that the price bounced off the 50-day MA two times, that is a good sign of strength.I would start with a small position as it will announce earnings soon.
Note
Today the price made a bearish engulfing with low volume. For me that just made the pattern look a lot better. Waiting for the breakout to take a position.
Note
Big down day after earnings. I didn't buy as it never made the breakout.
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.