Discover and read the best of Twitter Threads about #SMA

Most recents (24)

Analysis: #NASDAQ $DRNA

Case 72 #Dicerna Pharmaceuticals Inc

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

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#DRNA 1/4
Chart 1
Weekly Chart: Since forming a base at 2.70, Dicerna is now recovering nicely and steadily climbing. The #SMA 200 has been supportive since June 2018. .....

DRNA 2/4
..... Cluster #resistance at 26.10 is being cleared but more work needs to be done to then tackle the formidable resistance zone 41.07 - 43.28.

DRNA 3/4
Read 4 tweets
Analysis: #NYSE $HD

Case 71 #HomeDepot Inc

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

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#HD 1/3
Chart 1
Monthly Chart: Failing to close above the 239.00 level and price is currently drifting lower towards the SMA 20 - which is not a reliable #support. #Trendline support sits at 178.33 with the SMA 50 further down. The main and long term object is the 278.20/90 area.

HD 2/3
Chart 2
Weekly Chart: The #SMA 200 has been supporting the uptrend since Sept 2010 and currently stand at 170.96.

The #Strategy is printed on the image.

$HD 3/3
Read 3 tweets
Analysis: #NYSE $BBY

Case 70 #BestBuy Co. Inc

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

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#BBY 1/3
Chart 1
Monthly Chart: Upside momentum is stalling . A double top and #BollingerBand resistance sit at the all time highs and #trendline #resistance a little higher at 90.20. The long term target remains 120.85. #SMA 50 adding to the strong support.

BBY 2/3
Chart 2
Weekly Chart : The SMA 200 situated in the well define #support zone.

The #Strategy is printed on the image.

$BBY 3/3
Read 3 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 ::::::::::::::::::

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#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: #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 $WMT

Case 66 #Walmart Inc

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

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#WMT 1/4
Walmart spent 12 years trading in a monotonous $22 range, then finally it began to take off in 2012 and the old 1999 high of 70.25 was overtaken several times.

WMT 2/4
Chart 1
Weekly Chart: The main object stands between 136.80-137.60. Currently slightly overextended. Good #support seen from the #SMA 20 in line with the rising trendline. Major support lies between 73.00-68.50 and the SMA 200 at 65.08

WMT 3/4
Read 4 tweets
Analysis: #NYSE $NKE

Case 64 #Nike Inc

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

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#NKE 1/4
A great chart, rising in an orderly fashion - #bullish in the medium and long term but slightly toppy and neutral in the short term.

NKE 2/4
Chart 1
Weekly Chart: Monthly #Fibs, #pivots supporting further upside into a rising channel - the current object is 104.56/70. Strong support lies beneath the channel around 67.00-63.50 area - also the #SMA 200 valued at 67.70.

NKE 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: #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.

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#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 $MU

Case 60 #Micron Technology Inc

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

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#MU 1/7
Ever since peaking at 97.50 in July 2000 Micron has been rather subdued, however, a slow, steady recovery began in 2013. Current trading conditions are messy and range-bound - the entire 2019 range from low to high is $18.

MU 2/7
Chart 1
Monthly Chart: The sloping synthetic #trendlines are the most important piece of information in the monthly chart - a break/close above will signal strength. #Resistance into 66.40-63.60 zone is formidable but ....

MU 3/7
Read 7 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: #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.

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#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: #NYSE $YUM

Case 47 #Yum! Brands Inc.

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

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#YUM 1/6
After peaking at 119.72 price has declined steadily. Yum! Brands is long term #bullish but neutral on the weekly and bearish on the daily chart.

YUM 2/6
Chart 1
Monthly Chart: Price is currently drifting lower towards the #SMA 20 and #trendline support should contain the downside temporarily. The main moving averages are still bullish - the SMA 100 (77.02) and SMA 200 (53.08)

YUM 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.

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#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.

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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.

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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: #GE

Case 43 #GeneralElectric Company

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

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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: #XRX

Case 40 #Xerox Corp
DISCLAIMER: The analysis is strictly for educational purposes and should not be construed as an invitation to trade.

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XRX 1/6
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 remains neutral but the long term is slightly bullish.

XRX 2/6
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 3/6
Read 6 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: #NASDAQ: #CGEN

Case 35 #Compugen

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

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CGEN 1/4
Compugen was unlucky to have made it's debut during the Dotcom bubble, sentiment then was to just sell everything. Following the big fall of 2001, it managed to find it's all time low in 2009 and has since then stablised. Now it presents itself as a buying opportunity.

CGEN 2/4
Chart 1
Monthly Chart: Important break of #trendline resistance has finally been achieved. The #SMA 100 underpins the upside.

CGEN 3/4
Read 4 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: #TTM

Case 28 #Tata Motors Limited ADR

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

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TTM 1/5
Don't be fooled by today's brief flurry to the upside. A lot of work has to be done before Tata can be considered bullish. Keep on selling it.

TTM 2/5
Chart 1
Monthly Chart: Price hasn't close above the SMA 20 since July 2017 and even a close above doesn't mean much, because there exists a #confluence of Fib and pivot resistance residing higher and broken #trendline support now turned resistance.

TTM 3/5
Read 5 tweets

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