The Double Bottom is just one piece of the puzzle. See the full technical breakdown.
Reversal pattern after a downtrend.
Expanding volatility. Sign of instability.
Market participants tracking Cognizant should note the latest formation. Price has moved to $67.06 (1.87%) amidst recent volatility. Price action has carved out a classic **Double Bottom**. This setup is supported by strong volume turnover. A potential breakout level is identified at **$87.03**, targeting **$109.06** with support near **$76.01** (R:R 2.0).
What is your outlook on CTSH?