Discover and read the best of Twitter Threads about #Fib

Most recents (17)

Analysis: #NYSE $CTST

Case 1101 #CannTrust Holdings Inc

DISCLAIMER: The analysis is strictly for educational purposes and should not be construed as an invitation to trade.

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#CTST 1/4
Chart 1
Weekly Chart: Although a low of 0.75 has been recorded followed by a rise to 1.34 we remain unconvinced that the worst is over and envisage possible downside probes towards 0.70/64 where we expect better buying interest.

#Resistances are loaded at the ....

CTST 2/4
..... top: #Fib, #pivot, broken TL support, #SMA50. Only a close above sloping TL 1.23 and then a close above 1.37 will convince.

A vacuum exits above 1.81 and a weekly close above targets 3.20/45. A close above 8.20 is required to remove the long term bearish bias.

CTST 3/4
Read 4 tweets
Analysis: #NASDAQ $MRBK

Case 84 #Meridian_Corporation

DISCLAIMER: The analysis is strictly for educational purposes and should not be construed as an invitation to trade.

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#MRBK 1/4
Chart 1
Monthly Chart: Good buying interest was found at 16.70, off the all time October low, and then rising strongly in November closing above #Fib and #pivot #resistance which had guarded against upside thrusts for .......

MRBK 2/4
..... a whole year. Price needs to close above 20.06 and from there we should see new all time highs.

MRBK 3/4
Read 4 tweets
Analysis: #NASDAQ $IESC

Case 83 #IES_Holdings Inc

DISCLAIMER: The analysis is strictly for educational purposes and should not be construed as an invitation to trade.

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#IESC 1/4
Chart 1
Monthly Chart: Price is attempting to close above the #Fib 0.618 (23.36) swing low from highest high to lowest low (36.73 - 1.75). The main objective is 31.36 and above .....

IESC 2/4
..... that we get 3 clustered #resistance points within 0.60 cents. If a new monthly high is to be seen then it would be necessary to see a close above 32.97.

IESC 3/4
Read 4 tweets
Analysis: #NYSE $GM

Case 78 #GeneralMotors Company

DISCLAIMER: The analysis is strictly for educational purposes and should not be construed as an invitation to trade.

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#GM 1/4
Chart 1
Weekly Chart: The highest high was recorded in October 2017 and further upside attempts have been thwarted, leading price to edge lower - into a tight $9 range for most of 2019. The #SMAs are compressing and this is .....

GM 2/4
..... slightly worrisome. #Trendline support offers good opportunities to enter into longs and further down #Fib 0.618 and channel support 29.43 - 27.50 respectively.

GM 3/4
Read 4 tweets
Analysis: #NASDAQ $ZNGA

Case 77 #Zynga Inc

DISCLAIMER: The analysis is strictly for educational purposes and should not be construed as an invitation to trade.

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#ZNGA 1/3
Chart 1
Weekly Chart: Reaching its highest level (6.65) in 6 years a loss of momentum has prevented further upside moves. Currently sitting below #trendline resistance and #Fib 0.382 at 7.18. Prices are now expected to creep lower towards trendline #support and SMA 200.

ZNGA 2/3
Chart 2
Daily Chart: The #SMA 200 has been supporting the upside for all of 2019 and in close proximity to current price. It might hold but we're a little suspicious of downside probes.

The #Strategy is printed on the image.

$ZNGA 3/3
Read 3 tweets
Analysis: #NASDAQ $BASI

Case 75 #Bioanalytical Systems Inc

DISCLAIMER: The analysis is strictly for educational purposes and should not be construed as an invitation to trade.

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#BASI 1/4
Chart 1
Monthly Chart: The 9yr range has finally been broken but much work is needed to recapture the all time high of 14.50. Conditions are erratic and more chop is to be expected. Immediate resistances are 6.00/71 #Fib and broken #trendline support turned #resistance.

BASI 2/3
Chart 2
Weekly Chart: #SMA 50 & 200 are flat but still acting as support.

The #Strategy is printed on the image.

$BASI 3/3
Read 3 tweets
Analysis: #NASDAQ $NVDA

Case 68 #Nvidia Corp

DISCLAIMER: The analysis is strictly for educational purposes and should not be construed as an invitation to trade.

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#NVDA 1/4
Nvidia went on a two and a half year #parabolic run, climbing from approximately $25 to $292 then went on a vicious three month correction taking the price back to 124.46.

NVDA 2/4
Chart 1
Monthly Chart: The correction was halted just ahead of the #Fib 0.618. It is bullish, the #SMA 20 has been reclaimed but losing some upside momentum. The SMA 50 & 200 offer good support. The very long term objective sees it trade above 340 for 425.

NVDA 3/4
Read 4 tweets
Analysis: #NYSE $FIT

Case 63 #Fitbit Inc

DISCLAIMER: The analysis is strictly for educational purposes and should not be construed as an invitation to trade.

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#FIT 1/6
Fitbit looks like a disaster, recording an all time low of $2.81 - Aug 2019. The news of Google's acquisition pushed the price towards the $7.35 per share deal.

FIT 2/6
Chart 1
Monthly Chart: Resistances seen all throughout - #Fib and #pivot.

FIT 3/6
Read 6 tweets
Analysis: #Cboe BZX $ROKU
Case 61 #Roku Inc

DISCLAIMER: The analysis is strictly for educational purposes and should not be construed as an invitation to trade.

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#ROKU 1/5
A young stock with limited historical data - volatility increased substantially during summer 2019.

ROKU 2/5
Chart 1
Monthly Chart: The long term objective remains 251-252. Synthetic resistances and horizontal #Fib projects stand in the way of the main target. Strong #support lies between 105-82 area.

ROKU 3/5
Read 5 tweets
Analysis: #NYSE $XRX

Case 40 #Xerox Corp - Revisited

First 6 pages reproduced from Nov 7 (Case 40), 1 page updated

DISCLAIMER: The analysis is strictly for educational purposes and should not be construed as an invitation to trade.

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#XRX 1/7
Still far off the 2007 high at 53.17 and even further from the 1995 high at 63.94. For the last 10 years Xerox has been trading in a $22 range the short and medium term remain neutral but the long term is slightly #bullish.

XRX 2/7
Chart 1
Monthly Chart: The 1995 trendline #pivot has been pierced but this is not a sign to go long. A monthly close above would add further bullishness. The #resistances and supports have been presented.

XRX 3/7
Read 7 tweets
Analysis: #NASDAQ $QQQ

Case 54 #Invesco QQQ Trust

DISCLAIMER: The analysis is strictly for educational purposes and should not be construed as an invitation to trade.

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#QQQ 1/5
The strong up trend is set to continue but we expect some signs of exhaustion to be seen around 231-243 which should then lead to a minor correction towards 197-194.

QQQ 2/5
Chart 1
Monthly Chart: Synthetic #trendline resistances and the project horizontal #resistances. A break above 208.80 could target 215.

QQQ 3/5
Read 5 tweets
Analysis: #NYSE $WTR

Case 50 #Aqua America Inc

DISCLAIMER: The analysis is strictly for educational purposes and should not be construed as an invitation to trade.

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#WTR 1/7
A good rising trend that moves in symmetry. The strong up move of 2019 should be treated with caution.

WTR 2/7
Chart 1
Monthly Chart: There have been 2 #parabolic moves and 2 semi-parabolic: Aug. 2004 - Feb. 2006, May 2012 - Aug. 2013, Sept. 2015 - July 2016, and Dec 2018 - Oct. 2019. The true parabolic moves are marked with an ellipse. ....

WTR 3/7
Read 7 tweets
Analysis: #Bitstamp #BTC #BTCUSD

Case 44 #Bitcoin

DISCLAIMER: The analysis is strictly for educational purposes and should not be construed as an invitation to trade.

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BTC 1/7
Since it's 2018 peak Bitcoin has lost much of its upside momentum, but the long term trend remains firmly bullish.

BTC 2/7
Chart 1
Monthly Chart: Price is trading above the #SMA 20 and 10. The main #pivot resistances can be viewed, a monthly close above is required to gain upside traction. Firm #trendline support can be seen at approximately 4450.

BTC 3/7
Read 7 tweets
Analysis: #NYSE: #LLY

Case 39 #EliLilly and Company
DISCLAIMER: The analysis is strictly for educational purposes and should not be construed as an invitation to trade.

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LLY 1/5
The June 2000 high at 109.00 was finally overcome in October 2018, peaking at 132.13 in March 2019. Prices have since stalled and are currently trading in a broad range 119.90 - 105.60. .........

LLY 2/5
..... The 25 year #trendline is still intact. We expect prices to correct lower before entering into position.

LLY 3/5
Read 5 tweets
Analysis: #NYSE: #SHOP

Case 37 #Shopify Inc

DISCLAIMER: The analysis is strictly for educational purposes and should not be construed as an invitation to trade.

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SHOP 1/5
After rising steadily for two years Shopify exploded higher in 2019, a slight correction has ensued and upside momentum has stalled. A deeper correction is now anticipated. The long term trend still remains highly bullish.

SHOP 2/5
Chart 1
Monthly Chart: The 2019 #trendline has broken and temporary support was found at the #Fib 0.382. A monthly close below 300.00 will set sights on a deeper correct towards the 254.00 - 245.00 area.

SHOP 3/5
Read 5 tweets
Analysis: #NYSE: #DHT

Case 33 #DHT Holdings Inc.

DISCLAIMER: The analysis is strictly for educational purposes and should not be construed as an invitation to trade.

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DHT 1/6
The monthly chart looks like a disaster, but after years of lethargic movement a triple bottom was formed between 2017-2018 and DHT Holdings is now a solid buy. A break/close above 9.05 targets 12.25 then 15.00 further out the long term target $25.00

DHT 2/6
Chart 1
Weekly Chart: The solid up move began Feb 2019. A break/close above 9.05 target 9.25 (not 12.85 as per the image)

DHT 3/6
Read 6 tweets
Analysis: #NYSE: #PLD

Case 23 #Prologis Inc.

DISCLAIMER: The analysis is strictly for educational purposes and should not be construed as an invitation to trade.

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PLD 1/6
A strong trend which began from the 2009 lows preceded by a #parabolic move recording new all time higher highs.. We await a correction below the steep rising #trendline at supports noted 82.76, 80.00 and 77.00 before deciding to enter.

PLD 2/6
Chart 1
Monthly Chart: Strong support noticed off #Fib 0.786 coupled with pivot support. Resistance noted at Fib 1.414 and current all time spike. A steep rising trendline (teal) must be watched closely, sooner or later the parabolic must correct lower and break the TL.

PLD 3/6
Read 6 tweets

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