May. 4 at 6:38 PM
$CDNS — not just a chip name, this is the software backbone of semis.
Cadence sits at the center of AI / ASIC / advanced packaging — if chips are getting more complex, they have to go through them.
Price action finally catching up 👀
– Strong reversal off the lows
– Clean reclaim of 200D SMA
– Trend shifting back to bullish structure
Now pushing into that ~
$375 prior high zone — this is where it gets real.
What matters here:
– Acceptance above resistance vs rejection
– Momentum + volume confirmation
– No loss of 200D on pullbacks
If it clears clean, this opens continuation with room. If not, expect consolidation.
Not early anymore — but still actionable if structure holds.
👉If this helps, tap @capitalthinktank
