The Bearish Flag is just one piece of the puzzle. See the full technical breakdown.
Bearish continuation if preceding move was down.
Indecision. Widening then narrowing range.
Traders are watching Cognizant (CTSH) as price action tightens. Price has moved to $51.45 (0.29%) amidst recent volatility. Price action has carved out a classic Diamond. The trend indicator is reading 4.2/100, suggesting moderate momentum. A potential breakout level is identified at $45.16, targeting $28.88 with support near $53.3 (R:R 2.0).
What is your outlook on CTSH?