Technical analysis by TraderASY about Symbol CAKE: Buy recommendation (3/6/2024)

* Cake is sitting on weekly support.* Possibility of cup & handle formation1d:Bullish trend strength: 21MA7 > MA25 > MA99MA50 > MA100 > MA200Supertrend is longPrice > MA50Chikou Span > PriceBearish reversal potential: 15MACD Bearish CrossDI+/ DI- Bearish CrossBearish Engulfing3D:Bullish trend strength: 32MA7 > MA25 > MA99Supertrend is longPrice > MA7Price > Tenkan SenPrice > Kijun Sen > KumoChikou Span > PriceMACD > 0Bearish reversal potential: 1StochRSI OverboughtCake is doing great. Up %7Cake is sooo delicious. Up %10Eat my cake please. Up %22%30 and going