Jun. 2 at 9:08 PM
$CRNT looks like a coiled spring finally relaasing.
The stock just broke out of a year-long consolidation with the highest prices seen since early 2025.
Volume expanded, options activity surged, and price reclaimed a major Fibonacci level on the monthly chart.
If buyers can clear
$3.31, I think the market starts looking toward the
$3.63-
$4.13 range.
Charts are starting to tell a very different story
$CRNT appears to be completing the right side of a massive cup formation.
After spending most of the last year consolidating between
$1.80 and
$2.60, the stock has now broken above key resistance on strong volume.
Weekly resistance sits near
$3.31. A clean break there opens the door toward
$3.63 and potentially
$4+.
Shares and calls were both active today.
Worth watching closely.
