Dec. 4 at 11:15 PM
$CWAN (8H) is showing massive momentum! Buyers are clearly in control, as evidenced by the sharp break out of the descending channel and the consistent volume accumulation at the lows.
Bulls Need to Claim
$21.80! This level is the key intersection of the 38.2% Fib retracement and a major High Volume Node (HVN).
Key Levels for the Run:
🚀 Breakout Confirmation: A decisive close above
$21.80 confirms the trend reversal and opens the door to the next major resistance.
🎯 Next Target: The major price target, once
$21.80 is cleared, is the next high-volume ceiling around
$23.50, and then the high of the previous consolidation near
$25.00.
🧱 Strong Support: The bottom of the recent consolidation and the High Volume Node (HVN) around
$19.50. This must hold on any pullback.
Volume accumulation is very strong. Watch for the push through
$21.80 to start the next leg up!
#CWAN #TechStocks #Breakout #VolumeAnalysis #Trading #hovdid
