#CBRS

$CBRS ‌/ Cerebras Systems - 4-Hour Chart Detailed Support / Resistance Analysis

Data: Price 209.94 +10.26% - Intraday High 216.90 Low 190.45 - Range 13.89% very volatile. MA5:197.02 MA10:188.20 MA30:196.42 MACD:4.59 DIF:-2.07 DEA:-6.66
1. GENERAL STRUCTURE
The chart is in a bottom-reversal formation. There is a 40% drop from the 269.39 top on the left to the 160.81 bottom. After 08/03 it rallied to 261.54 and then got sold again and returned to a bottom near 160s. Now it is the second bottom reversal. The TD Sequential signals with red 9 (bottom) and green 9 (top) on the chart have worked very accurately. The last red 9 came right at the bottom, and the current green candle is the first strong buying candle from that bottom.

MA structure is mixed but shows a reversal signal: MA10 (188.20) < MA30 (196.42) < MA5 (197.02) < Price (209.94) MA5 has crossed above MA30, this is the beginning of a short-term golden cross.
2. RESISTANCE ZONES
A) Immediate Resistance: 216.90 - 226.15
Intraday High 216.90 is the first resistance. On the right side of the chart, the 226.15 level is marked, a previous small top. Price is now 209.94 and After-Hours 210.45 +0.24% wants to test 216.90. If it closes above 216.90 on a 4h basis, 226.15 will come quickly.

B) Strong Resistance: 261.54 - 269.39
On the top left 269.39 and top right 261.54 and 296.93 are marked on the chart. The peak zone where the green 9 around 08/14 threw its wick. This is the main distribution zone. It fell from that peak to 155. Going back there means 25% more upside but very heavy selling is expected. Especially 261.54, the wick top on 08/14.
3. SUPPORT ZONES
1. First Support: 197.02 - 196.42 (MA5 / MA30 Cluster)
MA5 197.02 and MA30 196.42 are almost at the same place. This cluster is the first support. If this zone breaks, half of the intraday gain will be given back.

2. Main Support / Decisive Zone: 190.45 - 188.20
This is the most important level.
• Intraday Low: 190.45 • Open: 190.98 • Prev Close: 190.40 • MA10: 188.20
All in the same place. 188 - 191 range. This range is where today's bull/bear battle is. If it breaks below, intraday longs' stops will be hit and the drop to 170s will accelerate. As long as this level is protected, the trend is up.
3. Bottom Support: 160.81 - 155.38
The bottom marked as 160.81 and bottom right 155.38 on the chart. The bottom where the previous red 9 came. This is the absolute bottom support. If this breaks, the structure breaks and there is a gap down to 140s.
4. INDICATOR CONFIRMATION
TD Sequential: Red 9s at bottoms, green 9s at tops have worked with pinpoint accuracy. The last red 9 (around 08/27) gave the exact bottom reversal. There is no new 9 right now, it's the beginning of the trend.

MACD(12,26,9): MACD 4.59 DIF -2.07 DEA -6.66 - Histogram has turned green, DIF is about to cross above DEA. Below the zero line but turning up. This is the momentum confirmation of the bottom reversal. If MACD turns positive, breaking 216.90 will be very easy.
5. SCENARIOS
For Bullish: As long as it stays above the 196-197 cluster, target is 216.90. If 216.90 breaks and makes a 4h close, targets 226.15 and 261.54 open up.

For Bearish / Correction: If it breaks below 196.42, a test of 190.45 comes. If there is a 4h close below 188.20, a 10% correction to the 170-160.81 zone is very likely. Because Range is 13.89% very high, volatility is high.

News: "Cerebras Announces 165MW AI Data Center" - pump came with this news, since it's news-based, breaking of supports can be sharper.

Not financial advice.