Discover and read the best of Twitter Threads about #Pivot

Most recents (24)

Analysis: #NYSE $CCL

Case 122 #Carnival Corporation & Plc

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

Thread πŸ‘‡πŸ‘‡πŸ‘‡

#CCL 1/4
Chart 1
Monthly Chart: The 10 year #trend peaked at 72.70 and this was followed up by a large correction taking price to 39.75. The sloping 2018 #trendline has been broken and price is .....

CCL 2/4
..... turning #bullish again but for the moment underpinned by #resistances around 55.60-56.15 (#pivot, #SMAs)

CCL 3/4
Read 4 tweets
Analysis: #ASX (Australian Securities Exchange) $IEL

Case 117 #IDP Education Ltd

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

Special request: mark2017 at Trade2Win.com

Thread πŸ‘‡πŸ‘‡πŸ‘‡

#IEL 1/3
Chart 1
Weekly Chart: The 2019 #parabolic move was halted in September and a correction ensued finding support at the multi-week #pivot. The uptrend is very strong and a new all time #high of 20.08 has been recorded. The current target is 25.50.

IEL 2/3
Chart 2
Daily Chart: The #Strategy is printed on the image.

$IEL 3/3
Read 3 tweets
#ES_F if you look price action, the herd is being over ruled by 1-2 players. The herd is β€˜valuing it’ down, while 1-2 are trying to prop it up. That’s why your seeing high ZiG Zag patterns.
#ES_F 1-2 are stepping away letting herd get short and 1-2 is using low volume periods to prop it back up.
The β€˜herd’ is valuing at 3280 and 1-2 valuing at 3290 or greater.. #ES_F that’s why your seeing fall down when most market participants have a say. The actual equities look quite fragile in terms of patterns being exhibited.
Read 10 tweets
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.

Thread πŸ‘‡πŸ‘‡πŸ‘‡

#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.

Thread πŸ‘‡πŸ‘‡πŸ‘‡

#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.

Thread πŸ‘‡πŸ‘‡πŸ‘‡

#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: #NASDAQ $VERU

Case 69 #Veru Inc

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

:::::::::::::::::: By Special Request ::::::::::::::::::

Thread πŸ‘‡πŸ‘‡πŸ‘‡

#VERU 1/6
Ever since peaking at 10.01 in June 2013 all gains were wiped out reaching a low of 0.72 in October 2016. Since then it's been trading in a $2 range and attempting to form a base.

VERU 2/6
Chart 1
Monthly Chart: The #SMA 20 & 50 are showing #support but the SMA 200 is sitting at 3.34 and because of this we're suspicious and would like to see a correction lower to enter into long positions. .....

VERU 3/6
Read 6 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.

Thread πŸ‘‡πŸ‘‡πŸ‘‡

#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 $CSCO

Case 61 #Cisco Systems Inc

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

Thread πŸ‘‡πŸ‘‡πŸ‘‡

#CSCO 1/8
Cisco recovery appears to have stalled and sellers have taken control of the short and medium term but the long term is still bullish.

CSCO 2/8
Chart 1
Monthly Chart: The steady climb up has been stopped dead in its tracks at monthly #pivot resistance 56.94. Price has broken and closed below the #SMA 20 and the 2 year .....

CSCO 3/8
Read 8 tweets
Analysis: #Cboe BZX $CRON

Case 59 #Cronus Group Inc

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

Thread πŸ‘‡πŸ‘‡πŸ‘‡

#CRON 1/4
A young stock with little data to go by making levels rather unreliable. The medium term is very #bearish.

CRON 2/4
Chart 1
Weekly Chart: #SMA50 & 20 pointing down. Immediate #pivot and channel resistances around 9.00/10. Temporary support found on monthly pivot @ 6.05. A close below 5.50 sees price drift lower towards 4.30.

CRON 3/4
Read 4 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.

Thread πŸ‘‡πŸ‘‡πŸ‘‡

#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: #Cboe BZX $AXSM

Case 57 #Axsome Therapeutics Inc

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

Thread πŸ‘‡πŸ‘‡πŸ‘‡

#AXSM 1/4
Selling pressure during Sept - Oct was completely absorbed at monthly #pivot support around 14.20. Since then price has gone #parabolic recording new all time highs in the process.

AXSM 2/4
Chart 1
Weekly Chart: The current #resistance zone is in a $10 area 38-48. SMAs 20 and 50 supporting the current up move. An unfilled gap (5.76- 2.88) is far away the current price.

AXSM 3/4
Read 4 tweets
Analysis: #NASDAQ $GWPH

Case 56 #GWPharmatceuticals PLC ADR

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

Thread πŸ‘‡πŸ‘‡πŸ‘‡

#GWPH 1/6
Since peaking at 196.00 (May 2019) GW has turned bearish it should continue to move lower, breaking supports. The long term is neutral to mildly bullish.

GWPH 2/6
Chart 1
Weekly Chart: Price is underpinned by the #SMA20 and #trendline resistance. Price has closed below the trendline support since March 2016. #Pivot supports at 81.63 and 67.68 should temporarily halt the decline but ....

GWPH 3/6
Read 6 tweets
Analysis: #NASDAQ $QCOM

Case 55 #Qualcomm Incorporated

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

Thread πŸ‘‡πŸ‘‡πŸ‘‡

#QCOM 1/5
After 3 years of base building at approximately the 49.00 level, price is now ready to tackle the all time high set in March 2000, but to do this a monthly close above #pivot resistance at .......

QCOM 2/5
...... 88.06 is required and a lot of work still needs to be done. Current conditions are volatile and choppiness should continue.

QCOM 3/5
Read 5 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.

Thread πŸ‘‡πŸ‘‡πŸ‘‡

#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 $BABA

Case 52 #Alibaba Group Holdings Ltd

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

Thread πŸ‘‡πŸ‘‡πŸ‘‡

#BABA 1/6
Since peaking in June 2018 Alibaba has been trading in a $60 range. The long term remains bullish while the short term is the neutral.

BABA 2/6
Chart 1
Monthly Chart: Two levels dictate activity: A break/close above 197.62 is required to for further gains above the current all time high of 211.70. ......

BABA 3/6
Read 6 tweets
Analysis: #NYSE $DXC

Case 48 #DXCTechnology

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

Thread πŸ‘‡πŸ‘‡πŸ‘‡

#DXC 1/6
Since peaking at 107.85 DXC Technology was slammed lower and is very #bearish in the longer term. Although the daily chart points to some bullishness we expect further downside for the months ahead.

DXC 2/6
Chart 1
Monthly Chart: A close above the 14 year #pivot was finally achieved in Feb. 2014 - this was the early start that would propel the bullish move towards the all time high at 107.85. ......

DXC 3/6
Read 6 tweets
Analysis: #NASDAQ $CROX

Case 46 #Crocs Inc.

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

Thread πŸ‘‡πŸ‘‡πŸ‘‡

#CROX 1/5
A bullish trend has been in the making since May 2017, #pivot resistance at 31.33 has been overrun.

CROX 2/5
Chart 1
Weekly Chart: Firm resistance seen around 38.49/94. Pivot resistance at 31.33 turned support. Good support seen off the supporting #trendlines.

CROX 3/5
Read 5 tweets
Analysis: #NYSE #MCD

Case 45 #McDonalds Corporation

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

Thread πŸ‘‡πŸ‘‡πŸ‘‡

MCD 1/7
McDonald's has been in a spectacular bull run since 2003 but peaked at 221.93 in August 2019 and corrected heavily. The short and medium term trends are bearish but ......

MCD 2/7
..... the long term trend remains strong and we expect price to rise to a new all time high of 245 by the third quarter of 2020.

MCD 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.

Thread πŸ‘‡πŸ‘‡πŸ‘‡

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: #GE

Case 43 #GeneralElectric Company

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

Thread πŸ‘‡πŸ‘‡πŸ‘‡

GE 1/7
The monthly chart shows a very bearish outlook - a series of lower lows/lower highs. However the 2009 low at 5.73 has not been violated and daily moving averages are #bullish.

GE 2/7
Chart 1
Monthly Chart: The last time price broke above the #SMA 20 was October 2015, we are only into one week of trading but the price is currently above the same moving average. Some temporary #support can be seen off the broken #pivot resistances.

GE 3/7
Read 7 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.

Thread πŸ‘‡πŸ‘‡πŸ‘‡

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: #ECA

Case 31 #Encana Corporation

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

Thread πŸ‘‡πŸ‘‡πŸ‘‡

ECA 1/5
Encana is #bearish in the short, medium and long term. In the months ahead (Dec 2019 - Jan 2020) we could witness some new all time lows, especially if price breaks and closes below the sloping #trendline ... which begins at 3.52, then 3.50, 3.49 ... etc.

ECA 2/5
Chart 1
Monthly Chart: The strong #trend is very evident.

ECA 3/5
Read 5 tweets
Analysis: #NYSE: #RIG

Case 27 #Transocean Ltd

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

Thread πŸ‘‡πŸ‘‡πŸ‘‡

RIG 1/7
This #stock has little to no prospects and keeps recording new lows as the years go buy. It remains under heavy selling pressure on any attempts higher.

RIG 2/7
Chart 1
Monthly Chart: The #SMA 55 has underpinned this stock since 2008 and a monthly close above has never been seen. Other firm resistances: Pivot, TL pivots and #trendline.

RIG 3/7
Read 7 tweets

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