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Analysis: #NASDAQ $CRUS

Case 271 #Cirrus_Logic Inc.

DISCLAIMER: The analysis is strictly for educational purposes and should not be construed as an invitation to trade.

#CRUS 1/3
Chart 1
Weekly Chart: A good reaction has been seen following the steep declines during Jan-Mar 2020 but the move is struggling to break above cluster #resistance between 76.81-81.59 and currently closing below #confluence resistance (#pivot & SMA 20) at 72.52.

CRUS 2/3
Chart 2
Daily Chart: Watch for possible sustained breaks below 65.63 (#SMA 200 & 50 plus pivot) support.

The #Strategy is printed on the image.

$CRUS 3/3
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