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Radware Ltd (RDWR) : Watch the Kumo Support

The previous post for a breakout to a higher high after earnings did not materialise.

The kumo provide critical support at $19.00 on opening and at this moment RDWR is rebounding off the session low.

Earnings report beats estimate and current price could be a good entry.

I see RDWR trade above $21 (support level) and with the leading kumo still trending up and the thick kumo support, I do not see this as a bearish trend.

However, if it breaks support, do be careful of a major trend change.

Note:

– Radware is having an Analyst Day on May 3 (Next Monday)

– Expect fresh analysts report to be coming out.

By iam802

Trend trading with Ichimoku