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.
