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CERN Testing Previous High

MarthaStokesCMT-TechniTrader  
NASDAQ:CERN   None
Candlestick Analysis Chart Patterns Beyond Technical Analysis CERN previoushigh bottomformation protraders professionaltraders smallerfunds Support and Resistance retracement profittaking
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candlestick chartpattern beyondta cern previoushigh bottomformation protraders professionaltraders smallerfunds supportandresistance retracement profittaking
CERN gapped in April to quickly complete the short-term bottom formation. It ran up on pro traders and smaller funds buying in the past few days. It is now nearing the previous high’s resistance of last August. This may create a retracement due to profit-taking by the professional traders.

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Martha Stokes, CMT
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