Upstart software company Cloudera Inc. $CLDR has been recovering from a bearish trend since its share price found support around $5.00 in June/July 2019. Recently, it has entered the $9-$10 area, which I think will be key resistance.CLDR Daily Chart(click to enlarge)Resistance Factors:- As price pushes above $9.00, CLDR is challenging a falling trendline resistance.- There is also a previous support pivot at $10, which can turn into resistance if the overall market is still bearish.- Furthermore, the 200-day simple moving average (SMA) is just under $10. - I think the bulls and bears will battle it out a little more here.- But I do anticipate a bearish divergence to form. - I think overall market sentiment will be turning down again after a month long recovery. If this is true, there would be more reason to believe CLDR will retreat from this $9-$10 resistance area. Volume:- The one good sign for a bullish outlook is the strong volume in August and September that accompanied the rally. - I am inclined to think that if price retreats from the noted resistance area, CLDR might have support above $7.00, or at lowest $6.00.- In other words, the strong volume in August/September may have indicated the formation of a price bottom. - I just don't think we can assume the price bottom has been complete. Instead, I think there will be some more consolidation under $10, but above $7.- A break above $10 with strong volume would be further evidence of a price bottom and a signal for bullish reversal. In that scenario, I would anticipate upside to the $14-$15 area.