Discover and read the best of Twitter Threads about #Momentum

Most recents (24)

Analysis: #NASDAQ $DVAX

Case 370 #Dynavax Technologies Corporation

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

#DVAX 1/3
Chart 1
Monthly Chart: Price has been unable to close back above the #SMA 50 since May 2018, currently valued at 10.12 higher above 8 year trendline #resistance at 11.34. The 2015 #pivot at 16.10 continues to underpin the upside, a close above targets 22.73.

DVAX 2/3
Chart 2
Daily Chart: Positive #momentum has been building since May 2020. Immediate #support is seen at 6.90 then the #confluence of #trendline and SMA 200 at 5.25/08 respectively.

The #Strategy is printed on the image.

$DVAX 3/3
Read 3 tweets
Analysis: #NASDAQ $LVGO

Case 368 #Livongo Health Inc.

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

#LVGO 1/3
Chart 1
Weekly Chart: Strong #momentum has been building since April 2020 and price closed strongly above July 2019 #trendline resistance and has risen to a new all time high - synthetic #resistance is seen at 100.76.

LVGO 2/3
Chart 2
Daily Chart: Price has risen strongly and an unfilled gap between 85.72 - 82.50 has appeared. The best #supports are 71.80 and 67.35, we plan our first entry slightly above and will attempt small longs.

The #Strategy is printed on the image.

$LVGO 3/3
Read 3 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 $KTOS

Case 363 #Kratos_Defense & Security Solutions Inc.

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

#KTOS 1/4
Chart 1
Attachment 1
Weekly Chart: The cascade of liquidations seen in Mar. 2020 sent the price crashing through 2016 #trendline support, #SMA 200 and 2013 #pivot range close (8.99) finding #support off the #Fib. 0.886 at 5.34. .....

KTOS 2/4
..... The recovery has been good with most of the losses absorbed but #momentum is negative and major #resistance in the zone 20.44 - 21.69 is formidable - a 2 week close above the latter targets 31.17.

KTOS 3/4
Read 4 tweets
Analysis: #NASDAQ $OSTK

Case 360 #Overstock.com Inc.

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

#OSTK 1/4
Chart 1
Monthly Chart: A new all time low was marked in Mar. 2020 but found #support on the 2003 trendline. #Momentum is positive and rising, price is attempting to close above the 2007 #trendline at 31.23 with #pivot resistance .....

OSTK 2/4
..... at 33.52 - a close above targets 46.17-48.65. Further up the major #resistance zone of 68.72 - 71.26 - expecting failure to break above, but #Fib. 0.618 at 56.46 should then contain the downside.

OSTK 3/4
Read 4 tweets
Analysis: #NASDAQ $AMGN

Case 359 #Amgen Inc.

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

#AMGN 1/4
Chart 1
Monthly Chart: #Momentum has been positive since 2011, the uptrend is very strong and price has smashed through the Dec. 2019 #pivot, recording a new all time high. Channel #resistance seen sloping at 256.83 - a close .....

AMGN 2/4
..... above will target 276.86 then the main objective 301.51, further out.

AMGN 3/4
Read 4 tweets
Analysis: #NYSEArca $GLD

Case 357 #SPDR Gold Shares

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

#GLD 1/4
Chart 1
Monthly Chart: The #SMAs 50 and 20 have been supporting the up move since Dec. 2018 and this was followed by strong #momentum enabling price to close strongly above 2013 #pivot resistance at 134.62 and .....

GLD 2/4
..... then hold above. Firm #resistance is seen at 177.72 - 183.24 - a close above the latter targets 205.45.

GLD 3/4
Read 4 tweets
Analysis: #NYSE $BE

Case 356 #Bloom_Energy Corporation

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

#BE 1/3
Chart 1
Weekly Chart: The Oct. 2019 all time low at 2.44 is now well established, price is breaking above the #trendline and the immediate #resistance is 11.78 with a break targeting firm #pivot resistance at 16.45 which sits above the #Fib. 0.382.

BE 2/3
Chart 2
Daily Chart: #Momentum is flat and there's no immediate interest to chase the price higher. The best reliable #support begins at 7.68 and below there 5.05 - 3.44 (trendline) area.

The #Strategy is printed on the image.

$BE 3/3
Read 3 tweets
Analysis: #NASDAQ $OVID

Case 353 #Ovid_Therapeutics Inc.

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

#OVID 1/4
Chart 1
Weekly Chart: Price has risen off the lows, closing strongly above the 2017 #trendline resistance and the 2 year range at 6.16. The gap is still unfilled but #momentum is strong and conditions are #bullish - the immediate target .....

OVID 2/4
..... is 11.00/45. Strong cluster #resistance is seen at 12.15-15.00 - we assume failure at the first attempt but envisage an eventual target of 19.70 further out.

OVID 3/4
Read 4 tweets
Analysis: #NASDAQ $BCLI

Case 352 #Brainstorm_Cell_Therapeutics Inc.

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

#BCLI 1/4
Chart 1
Monthly Chart: The #SMA 50 has been acting as #support since Jan. 2019, price has broken strongly above 2009 #pivot resistance at 7.38 and is heading towards minor pivot #resistance at 14.24 - a close above .....

BCLI 2/4
..... target major resistance 17.99 - 20.26 (2003 pivot and broken #Fib. 0.618).

BCLI 3/4
Read 4 tweets
Analysis: #NASDAQ $COCP

Case 350 #Cocrystal Pharma Inc.

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

#COCP 1/4
Chart 1
Weekly Chart: The short term trend is ##bullish but the long term is very #bearish. Good base building off the all time low 0.39 with #SMA 20 riding the March #trendline. Price has not closed above the monthly SMA 20 since 2016 now at ......

COCP 2/4
..... 1.87. Firm #resistance seen at the #confluence of #pivot and SMA 200 at 4.87/90 respectively.

COCP 3/4
Read 4 tweets
Analysis: #NASDAQ $SNY

Case 347 #Sanofi

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

#SNY 1/3
Chart 1
Monthly Chart: The losses seen in Feb. - Mar. 2020 invigorated buying activity and the reaction has been very good as price is attempting to close above 2017 #trendline #resistance. The current target is 56.43 and a close above targets 62.58.

SNY 2/3
Chart 2
Daily Chart: Monthly #momentum has been positive since 2019 and the daily #SMA 200 (47.46) is offering good #support. Trading conditions are messy and we shall allow for some choppiness.

The #Strategy is printed on the image.

$SNY 3/3
Read 3 tweets
Analysis: #NYSE $NKE

Case 344 #Nike Inc. - Revisited

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

#NKE 1/4
Chart 1
Weekly Chart: The objectives from the Dec. 2019 analysis have been met; all positions liquidated and presently flat. Currently unable to break above the all time high (105.62), ideally we'd like to see price overcome #trendline resistance - sloping at .....

NKE 2/4
..... 109.69. A close above targets synthetic #resistance below the main objective 135.31. Good #support is seen around 90.30 - 84.51 then 78.65 - 71.45.

NKE 3/4
Read 4 tweets
Analysis: #NASDAQ $GNUS

Case 338 #Genius_Brands International Inc.

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

#GNUS 1/4
Chart 1
Weekly Chart: This month saw price explode higher, taking out the 2015 #trendline #resistance, the cluster and stalling exactly at the #Fib. 0.886 at 11.73. #Momentum is positive but falling and price is moving closer to .....

GNUS 2/4
..... the #support zone 3.26-1.63 - a close below the latter begins to target the vacuum between 1.22-0.64.

GNUS 3/4
Read 4 tweets
Analysis: #NASDAQ $NLTX

Case 329 #Neoleukin Therapeutics, Inc.

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

#NLTX 1/4
Chart 1
Weekly Chart: Price has been range-bound since 2015 and price action has been very messy. The #SMA 50 has been acting since July 2019 and good #momentum build is seen from the break above the 2018 micro range. Formidable .....

NLTX 2/4
..... cluster #resistance is seen at 16.96 - 19.90 and a close above 22.13 is very #bullish.

NLTX 3/4
Read 4 tweets
Analysis: #NYSE $PNC

Case 328 #The_PNC_Financial_Services_Group Inc.

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

#PNC 1/4
Chart 1
Monthly Chart: The long term trend is #bullish and #momentum has been positive since 2011. There have been 3 serious breaks to the long term trend and on 2 occasions, and many years later, price moved higher. The reaction off #SMA 200 and .....

PNC 2/4
..... Fib 0.50 has been very good. Resistances at the #trendline 161.41 and #pivot 159.63 are formidable but will eventually yield - the long term objective is 180.10.

PNC 3/4
Read 4 tweets
Analysis: #NASDAQ $COUP

Case 326 #Coupa Software Incorporated

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

#COUP 1/4
Chart 1
Weekly Chart: Following the declines of Feb - Mar 2020 price has gone #parabolic, smashing through long term #resistance and reaching a new all time high. #Momentum has fallen and .....

COUP 2/4
..... price needs to close above the 227.51 #pivot to target 256.63 then further up, the main objective, 304.78.

COUP 3/4
Read 4 tweets
Analysis: #NASDAQ $SFIX

Case 322 #Stitch Fix Inc.

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

#SFIX 1/4
Chart 1
Weekly Chart: Price traded to a new all time low of 10.90 finding #support on the sloping #trendline base and strong #momentum break/close over the long term trendline has been .....

SFIX 2/4
..... reclaimed. Mild #resistance at #Fib. 0.50 (31.67) then 32.00 (#pivot) - a close above the latter quickly targets the vacuum at 40.44.

SFIX 3/4
Read 4 tweets
Analysis: #NYSE $RH

Case 320 #RH

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

#RH 1/4
Chart 1
Weekly Chart: The large declines in Feb. - Mar. 2020 found #support at the #Fib. 0.786 and 2nd #support zone. #Momentum is very strong and a new all time high has just been recorded, the immediate .....

RH 2/4
..... target is the channel top 271.31. A close above 287.39 is #bullish and the main objective is 352.46.

RH 3/4
Read 4 tweets
Analysis: #NASDAQ $AVGO

Case 319 #Broadcom Inc.

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

#AVGO 1/3
Chart 1
Weekly Chart: The huge declines seen in Feb-Mar 2020 found #support at the #Fib 0.50 & cluster bottom. The #SMA 200 and broken #trendline have been reclaimed. The all time high is in sight and we expect price to target 336.49 - close above targets 351.75-360.20.

AVGO 2/3
Chart 2
Daily Chart: Upside #momentum has paused and price is stalling below channel top, a close above 327.80 will target 336.45.

The #Strategy is printed on the image.

$AVGO 3/3
Read 3 tweets
Analysis: #NYSE $WORK

Case 315 #Slack Technologies Inc.

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

#WORK 1/4
Chart 1
Strong buying seen off the all time low of 15.10 followed by upside #momentum has seen the blowout of the Oct. 2019 #trendline and cluster top resistances at 33.43 - 34.09 respectively. A 2 week close above #pivot resistance is .....

WORK 2/4
..... required to target first 48.21 then the main objective 53.46. Support is now seen into the broken cluster area and broken trendline #resistance now turned #support and below that the #Fib. 0.50 at 28.55.

WORK 3/4
Read 4 tweets
Analysis: #NYSE $CPB

Case 314 #Campbell Soup Company

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

#CPB 1/4
Chart 1
Weekly Chart: Good #support found at the 2009 #trendline coupled by an upside #momentum build enabled the break above long term trendline #resistance but price action has become very messy in 2020. .....

CPB 2/4
..... #Pivot resistances seen at 54.95 and 59.90 - a clean break and hold above the latter is required. Expecting volatility and chop to increase further up.

CPB 3/4
Read 4 tweets
Analysis: #NASDAQ $AVEO

Case 310 #AVEO Pharmaceuticals Inc.

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

#AVEO 1/4
Chart 1
Weekly Chart: A new all time low of 2.23 was recorded in Mar. 2020, however, last month saw a strong break and close above the one year #trendline resistance. Upside #momentum is stalling and price is backing off one year pivot resistance at .....

AVEO 2/4
..... 10.80.A close above #Fib. 0.382 at 17.58 is required to tackle the major #resistance zone 21.90-27.95. To the downside #support begins at 7.27, then the reclaimed #pivot at 4.91 and further down 2.10.

AVEO 3/4
Read 4 tweets
Analysis: #NASDAQ $DLTR

Case 309 #Dollar_Tree Inc.

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

#DLTR 1/4
Chart 1
Monthly Chart: Peaking at an all time high of 119.17 in Oct. 2019, a strong price reversal saw a breakdown of the 10 year #trendline and running into the major #support zone 65.49 - 60.19. The upside reaction has been very positive, climbing strongly and .....

DLTR 2/4
..... about to run into cluster #resistance located at 101.53 - 115.00. A close above the latter target the main objective 145.38 with the long term objective at 171.62.

DLTR 3/4
Read 4 tweets

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