Discover and read the best of Twitter Threads about #Fib

Most recents (24)

Analysis: #NASDAQ $AIKI

Case 408 #AIkido Pharma Inc.

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

#AIKI 1/5
Chart 1
Daily Chart: Price needs to break above Apr. 2020 #trendline resistance then close/hold above 1.40 for upside #momentum. A close above 2.44 is required to target synthetic #resistance at 3.62, then 5.21. To .....

AIKI 2/5
..... the downside a #support zone of 0.94/75 exists. A close below 0.48 could see the price target 0.29.

AIKI 3/5
Read 5 tweets
Analysis: #NASDAQ $NTAP

Case 405 #NetApp Inc.

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

#NTAP 1/4
Chart 1
Monthly Chart: The strong decline seen in Feb. 2020 saw closes below the #SMA 50 (support since 2016) and #Fib. 0.50 at 49.24. Watch for closes below the SMA 200 at 37.51 and controlling pivot 33.51 - a break .....

NTAP 2/4
..... below the latter could quickly target 27.02-26.53 (Fib. 0.786 & #pivot).

NTAP 3/4
Read 5 tweets
Analysis: #NASDAQ $CAKE

Case 403 #TheCheesecakeFactory Incorporated

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

#CAKE 1/4
Chart 1
Monthly Chart: The strong decline seen in Feb.-Mar. 2020 has seen the complete breakdown of the control/pivot at 37.45 and with it the #SMA 200 - which had been supporting the trend since 2009. Support was eventually .....

CAKE 2/4
..... found at the #Fib. 0.786 at 16.46 and a $15 bounce ensued Mild #support at 2008 #pivot 14.08, below that major zone of 10.02-6.41.

CAKE 3/4
Read 5 tweets
Analysis: #NASDAQ $BOXL

Case 402 #Boxlight Corporation

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

#BOXL 1/4
Chart 1
Weekly Chart: It's been one year since price closed back above #SMA 50. As a minimum price needs to hold above synthetic #resistance at 3.67 to challenge the major resistance zone .....

BOXL 2/4
..... between 5.77 - 7.24 (Fib 0.382 and #pivots). A close above #Fib. 0.50 (8.87) quickly targets 11.05.

BOXL 3/4
Read 5 tweets
Analysis: #NYSE $SOGO

Case 400 #Sogou Inc.

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

#SOGO 1/4
Chart 1
Weekly Chart: June 2020 strong up move has seen price hold above Mar. 2019 #trendline and close above channel top 5.53. An unfilled gap at 7.93-5.88 exists. Firm #resistance is seen at the #Fib. 0.618 and .....

SOGO 2/4
..... sloping synthetic trendline at 10.71-11.42 respectively. A close above 14.77 targets 17.64-18.33 further out 20.52.

SOGO 3/4
Read 5 tweets
Analysis: #NASDAQ $FRAN

Case 398 #Francesca's Holdings Corporation

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

#FRAN 1/4
Chart 1
Weekly Chart: Price is attempting to gain a foothold above the #SMA 50 (8.20) with immediate #trendline resistance at 10.62, further up #pivot and Fib. resistance 23.88 - 25.31 with a break above the .....

FRAN 2/4
..... latter targeting 39.48/92. Major #resistance is broad stretching 48.72 to #Fib. 0.618 at 63.54.

FRAN 3/4
Read 5 tweets
Analysis: #NASDAQ $ABUS

Case 395 #Arbutus Biopharma Corporation

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

#ABUS 1/5
Chart 1
Monthly Chart: Price has bounced strongly taking out a #confluence of multiple #resistances: the reclaimed 2011 trendline, 2016 #pivot, 2014 trendline and SMA 50 at 3.11/14, 3.71/88 respectively. A close .....

ABUS 2/5
..... above 6.20 targets 12.05/70, further up a close/hold above the #Fib. 0.50 (16.15) targets 21.49.

ABUS 3/5
Read 6 tweets
Analysis: #NYSE $NAK

Case 392 #Northern_Dynasty_Minerals Ltd.

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

#NAK 1/3
Chart 1
Monthly Chart: Price is attempting to close above the 2012 #trendline #resistance and the immediate target is 3.68 with a close /hold above targeting the 2011 #pivot at 5.36 - a close above targets cluster top and #Fib. 0.382 at 8.21/44 respectively.

NAK 2/3
Chart 2
Daily Chart: Price is resting on the May 2020 channel top with positive #momentum and good #support seen at 1.80/30 then #SMA 200 at 0.73.

The #Strategy is printed on the image.

$NAK 3/3
Read 4 tweets
Analysis: #NYSE $LUV

Case 391 #Southwest_Airlines Co.

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

#LUV 1/4
Chart 1
Monthly Chart: Feb. 2020 closes below the 2014 #trendline and 2015 pivot (46.29) witnessed the loss of control - the downdraft saw price target the #confluence of #support of the 2000 #pivot and 2010 channel top trendline and price .....

LUV 2/4
..... bounced up $20. The Apr. 2020 pivot (31.25) and #Fib. 0.618 (18.23) are under pressure - a close below the latter retargets the May 2020 low.

LUV 3/4
Read 5 tweets
Analysis: #NYSE $SYK

Case 390 #Stryker Corporation

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

#SYK 1/4
Chart 1
Monthly Chart: The loss of pivot #support at 197.52 saw price spike down quickly targeting the 2012 #trendline and #Fib. 0.50 at 128.56 with failure to close the #SMA 50. The upside reaction has been positive and .....

SYK 2/4
..... immediate resistance lies at the 2019 #pivot then 204.86. A close above trendline #resistance, sloping at 229.06, targets 274.02.

SYK 3/4
Read 5 tweets
Analysis: #NASDAQ $OPK

Case 389 #OPKO_Health Inc.

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

#OPK 1/4
Chart 1
Monthly Chart: Support at the 2004 #trendline and #Fib. 0.942 at 1.31 has been building since Oct. 2019. Strong momentum has seen the close above 2017 trendline and the #SMA 50 reclaimed (after 4 years). Price needs to .....

OPK 2/4
..... close above 3 year pivot at 6.14 then break above 2014 #pivot at 7.93. Strong #resistance at 10.94, a close above targets 13.76-16.07.

OPK 3/4
Read 5 tweets
Analysis: #NASDAQ $DKNG

Case 387 #DraftKings Inc.

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

#DKNG 1/4
Chart 1
Weekly Chart: The #parabolic move seen in Apr. 2020, as expected, saw a correction down to the #Fib 0.50 (27.70) - a 2 week close below sees price fall down into strong #support 20.50 - 16.80 (Fib. 0.786, #pivot and .....

DKNG 2/4
..... #SMA 50). A close above 42.00 is required to target 54.22 and further above 61.93.

DKNG 3/4
Read 5 tweets
Analysis: #NASDAQ $FIZZ

Case 386 #National_Beverage_Corp.

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

#WM 1/4
Chart 1
Monthly Chart: The declines from Sept. 2018 found good #support at the Fib. 0.786 and 2015 #pivot at 40.98 - 37.40 respectively and good base building has developed - taking out 2019 pivot, reclaiming the SMA 50 at 58.78 and .....

WM 2/4
..... closing above 62.81 pivot. Immediate resistance is seen at SMA 50 and #Fib. 0.50 73.03/23 then 78.15 to target firm #resistance at 88.36 - 102.99.

WM 3/4
Read 4 tweets
Analysis: #NYSE $WM

Case 385 #Waste_Management Inc.

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

#WM 1/4
Chart 1
Monthly Chart: Since reaching a new all time high of 126.79 price fell heavily, smashing through 2016 #trendline support, eventually finding #support at the #confluence of the #Fib. 0.382, pivot and .....

WM 2/4
..... #SMA 50 (88.96-86.26). A good bounce ensued but failure to close above 112.21 #pivot resistance is problematic. Synthetic #resistance sloping at 130.88.

WM 3/4
Read 4 tweets
Analysis: #NASDAQ $ERI

Case 383 #Eldorado_Resorts Inc.

Special follower request: @AliTheTrader1

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

#ERI 1/4
Chart 1
Weekly Chart: The huge breakdown seen in Mar. 2020 saw all gains from 2015 wiped out. Price, eventually, found support on the #Fib. 0.942 and bounced strongly back into the old trading channel. .....

ERI 2/4
..... A #cluster sits above the #SMA 200 and 2018 #pivot at 34.88/55 respectively with slowing #momentum.

ERI 3/4
Read 4 tweets
Analysis: #NASDAQ $KHC

Case 382 #The_Kraft_Heinz Company

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

#KHC 1/4
Chart 1
Weekly Chart: The 2015 #trendline contained the downside and price has risen to close/hold above 3 year trendline #resistance with the #SMA 20 and 50 at 29.21/10 supporting further upside. Immediate resistance is 43.57 then .....

KHC 2/4
..... the #Fib 0.50 at 49.70. A close/hold above 64.99 targets 76.46 quickly as the Fib 0.618 at 68.06 will offer weak #resistance.

KHC 3/4
Read 4 tweets
Analysis: #NASDAQ $APHA

Case 381 #Aphria Inc.

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

#APHA 1/3
Chart 1
Monthly Chart: The Mar. 2020 decline found #support in between #Fib 0.886 - 0.942 (2.95-1.88) and failed to close below the 2016 #trendline. Immediate #resistance at the #SMA 50 (6.40) then major resistance 7.55-9.32 (2 year trendline, Fib 0.618, #pivots).

APHA 2/3
Chart 2
Daily Chart: #Momentum is rising with good support off the main SMAs - primarily 4.27/20. Better support seen at 3.96/67.

The #Strategy is printed on the image.

$APHA 3/3
Read 3 tweets
Analysis: #NASDAQ $ALDX

Case 378 #Aldeyra Therapeutics Inc.

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

#ALDX 1/3
Chart 1
Weekly Chart: A good bounce seen from the all time low 1.48 set in Mar. 2020, reclaiming the 2014 and closing above 2018 #trendline resistances. Immediate #resistance is seen at the #pivots 8.08 and 10.15 - a 2 week break above the latter targets 13.80.

ALDX 2/3
Chart 2
Daily Chart: #Momentum is positively building, the #SMA 50 is riding the Mar. 2020 trendline at 4.27. Immediate resistance at 6.27, then top of the partially filled gap and #Fib. 0.382 at 7.30.

The #Strategy is printed on the image.

$ALX 3/3
Read 3 tweets
Analysis: #NASDAQ $AUPH

Case 377 #Aurinia Pharmaceuticals Inc.

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

#AUPH 1/4
Chart 1
Weekly Chart: As expected the 2019 #parabolic move saw a correction taking price between the #Fib. 0.50 and 0.681, stalling at the #SMA 50 - however, the reaction has been disappointing as it failed to gain a foothold above #pivot .....

AUPH 2/4
..... #resistances 17.50 - 18.71. The Nov. 2019 #trendline is under pressure - a close below targets 13.00.

AUPH 3/4
Read 4 tweets
Analysis: #NYSE $SPCE

Case 374 #Virgin_Galactic_Holdings, Inc.

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

#SPCE 1/4
Chart 1
Daily Chart: Pivots and #Fibonacci levels are almost in perfect synchronisation. #Momentum is flat and the 5 month range dominates, price is currently unable to close above #Fib. 0.618 at 20.69 but ideally a close above the Feb. 11 .....

SPCE 2/4
..... #pivot at 21.94 is required to get things moving. A close above 29.02 will target synthetic #resistance, sloping at 36.83 and above #cluster top 37.35.

SPCE 3/4
Read 4 tweets
Analysis: #NASDAQ $SRNE

Case 373 #Sorrento_Therapeutics Inc.

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

#SRNE 1/4
Chart 1
Weekly Chart: Following the close and retest above 2 year #trendline #resistance the low at 1.39 is now well established. Monthly #pivot resistances lie at 9.95 and 12.92 - the former already used to take profits by .....

SRNE 2/4
..... day traders. A two week close above #Fib. 0.50 at 14.10 will target 16.90-18.30 quickly.

SRNE 3/4
Read 4 tweets
Analysis: #NASDAQ $UPWK

Case 372 #Upwork Inc.

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

#UPWK 1/4
Chart 1
Weekly Chart: A strong break was seen above Feb. 2019 #trendline resistance followed by a break/hold above the #SMA 50 in May 2020. #Momentum is positive and we expect the #bullish move to continue. A close .....

UPWK 2/4
..... above 18.52 targets the #Fib. 0.786 at 20.79 quickly, future up #resistance at 22.06/78 (#pivot/Fib 0.886) a close above the latter will eventually target 27.66, then 30.48.

UPWK 3/4
Read 4 tweets
Analysis: #NASDAQ $SOLO

Case 367 #Electrameccanica Vehicles Corp.

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

#SOLO 1/4
Chart 1
Weekly Chart: Last month witnessed the close above 2 year #trendline resistance and the reclaiming of the #SMA 50. A close above the #Fib. 0.328 at 6.66 targets 10.00/49 and a close above the latter for 12.77. The major #resistance .....

SOLO 2/4
..... zone is 14.28 - 15.12 is not very formidable but expect an initial failure - the long term objective is 20.07/10.

SOLO 3/4
Read 4 tweets
Analysis: #NASDAQ $SWBI

Case 366 #Smith & Wesson Brands Inc.

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

#SWBI 1/4
Chart 1
Monthly Chart: Strong #support was found at the #Fib. 0.886 (5.58) and last month's huge up move saw price close firmly above the #SMA 50 and 3 year #pivot resistance at 15.01/88 respectively. Major .....

SWBI 2/4
..... #resistance is seen at the #cluster between 26.62 - 29.45, above the latter targets 32.75 then 2007 #trendline resistance sloping at 34.87.

SWBI 3/4
Read 4 tweets

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