A key Rounding Bottom has formed on CDW. Analyze the breakout level now.
Gradual reversal from bearish to bullish.
Bearish continuation pattern.
Consolidation. Can break either way.
A clear signal has emerged for CDW Corporation (CDW) on the daily chart. Currently at $122.01, the asset is showing upward momentum (0.5%). Algorithmically, a Rounding Bottom structure has completed. Buying pressure is average relative to the 20-day average. A potential breakout level is identified at $129.04, targeting $145.1 with support near $121.01 (R:R 2.0).
What is your outlook on CDW?