CDZI Charts and Analysis

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Last Update: April 29, 2021

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Cadiz (CDZI) has been in a long-term ending diagonal pattern after dropping sharply from its high in late-April 2002. This weekly chart shows a transition in effect and a possible bottom-reversal setup. The May 2010 weekly high was $15.08. The next swing high ascended to $15.85 in May 2017. In the more near-term, the pattern is seeing peak consolidation in preparation for a breakout. A break of S1 could mean a sharp drop to S1. However, given the reversal setup and higher-highs combined with higher-lows, I anticipate a break of R1 to test R2 around $17 in the coming weeks/months. A break of R2 allows for significant upside potential.
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