Discover and read the best of Twitter Threads about #Resistances

Most recents (11)

Analysis: #NASDAQ $VIAC

Case 127 #ViacomCBS Inc

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

Thread 👇👇👇

#VIAC 1/4
Chart 1
Monthly Chart: The long term #support at 41.36 finally gave way in Sept. 2019. Some mild support seen 32.15-31.85 but we expect this zone to be flimsy and price should head towards 28.50-26.95 and a ......

VIAC 2/4
..... break of the latter could see price quickly fall to 18.90. To the upside #resistances are formidable. The #SMAs are negative pointing to further losses.

VIAC 3/4
Read 4 tweets
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 👇👇👇

#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: #NYSE $IBM

Case 116 #International_Business_Machines Corporation

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

Thread 👇👇👇

#IBM 1/4
Chart 1
Monthly Chart: Ever since peaking at 215.90 in March 2013, IBM has lost half its value but found #support on the 26 year #trendline. #Resistances above are tough and upside moves are quickly stifled by .....

IBM 2/4
..... heavy selling. We expect the broad two way action range play to continue for the next couple of years.

IBM 3/4
Read 4 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 👇👇👇

#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 $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 👇👇👇

#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: #Cboe BZX $PEP

Case 59 #Pepsico Inc

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

Thread 👇👇👇

#PEP 1/5
Price moved #parabolic in 2019 a small correction ensued and price resumed to the upside. The longer term object around Aug. 2021 is 155-156.

PEP 2/5
Chart 1
Weekly Chart: Current #resistances seen at 141.15, 145.53, 148.75 and 150.95. Minor supports at 130.80 and 128.40 with major #support at 121.75-120.90.

PEP 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.

Thread 👇👇👇

#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 $QCOM

Case 55 #Qualcomm Incorporated

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

Thread 👇👇👇

#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 👇👇👇

#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: #PCG

Case 16 #PacificGas & Electric Co

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

Thread 👇👇👇

1/5
A very bearish stock that is met with heavy selling when ever price attempts to form a base to build on. This company is heading for bankruptcy, unless something drastic happens.

2/5
Chart 1
Monthly Chart: The situation is very negative. #Resistances are everywhere. Price currently hovers $3 off the all time low @ $3.05

3/5
Read 5 tweets
Analysis: #NYSE: #SWN

Case 15 #SouthwesternEnergy Company

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

Thread 👇👇👇

1/6
An ugly stock that has been in free fall since May 2014. The loss of monthly support @ $28.00 helped accelerate the downside. Resistances are very strong and the all time lows approximately $0.56 appears close. .......

2/6
....... Some fragile support appears into around 1.75-1.55 and then a much stronger area 1.15, 0.85 and then 0.67-0.53.

3/6
Read 6 tweets

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