Preparing for March 11 earnings week (CLDR)

- Earnings Wednesday after close
- Since May 2017, CLDR has made lower lows and lower highs, suggesting it's on a downtrend
- Cramer loves it and has some high expectations, but the charts say otherwise.
- 20 day chart: it peaked at 15.75 and did a total reverse
- 10 day chart: it's on a downtrend
- 5 day chart: it's still on a downtrend
- Friday, it went uptrending, trading above the VWAP, even going further above the VWAP's upperband, why? Maybe because of Cramer's positive sentiments?
- Immediately after open, it will for sure pull back a little bit. People will likely lock in profits.
- For the past 5 days it's been doing really well.... but overall it's on a downtrend 10 days plus.
- I think in the long term, I would be bear on this stock.
- I would make a bear spread Apr 18

Trade chiuso: obiettivo raggiunto:

WOOOT!

Another spot on analysis.

CLDR down 20% today!