Discover and read the best of Twitter Threads about #Support

Most recents (24)

Analysis: #NASDAQ $GRPN

Case 311 #

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

#GRPN 1/4
Chart 1
Weekly Chart: The break below long term trendline #support at 1.60 has seen price trade to a new all time low of 0.48. A minimum close above the 2013 #trendline resistance at 2.73 is required to tackle the strong 6 year pivot .....

GRPN 2/4
..... close at 5.83 and only a break/close above here will relieve downside pressure. Much higher up the formidable 2013 #pivot at 12.64 above the #Fib. 0.382 at 12.19 and 2012 cluster top.

GRPN 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
Analysis: #NYSE $CGC

Case 308 #Canopy_Growth Corporation

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

#CGC 1/4
Chart 1
Weekly Chart: Found #support at the 2017 #pivot and cleared #trendline resistance and currently running into #SMA 200 and 50 resistance at 21.93 and 22.39 respectively. Further up #Fib. 0.618 at .....

CGC 2/4
..... 23.06 and pivot resistance at 27.66.- a close above targets strong #resistance 36.69-40.16.

CGC 3/4
Read 4 tweets
Analysis: #NASDAQ $XPEL

Case 307 #XPEL_Inc.

...... requested by: mark2017 from Trade2win.com

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

#XPEL 1/4
Chart 1
Weekly Chart: A new all time high of 18.05 was followed by a huge decline and running into #support at the #Fib. 0.618 at 7.70 and one year #pivot resistance top 7.21. #Momentum has been very .....

XPEL 2/4
..... strong as all the losses seen in Feb.- Mar. 202 have been absorbed. Minor cluster #resistance is about to be taken out and a close above 16.85 will target first 22.03 - a close above the latter for the main objective 28.74.

XPEL 3/4
Read 4 tweets
Analysis: #NASDAQ $ADSK

Case 306 #Autodesk Inc.

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

#ADSK 1/4
Chart 1
Weekly Chart: A new all time high of 211.58 was followed by a precipitous decline finding #support at the #Fib. 0.50 at 126.59 with the #SMA 200 at 124.39 and #pivot at 120.11. The upside reaction has been very positive as most of the losses .....

ADSK 2/4
.....seen in Feb. - Mar. 2020 have been absorbed. Price needs to close above pivot #resistance at 207.01 to target #trendline resistance at 222.93 - a close above eyes 241.58, further up the long term objective 279.13.

ADSK 3/4
Read 4 tweets
Analysis: #NYSE $VIPS

Case 305 #Vipshop Holdings Limited

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

#VIPS 1/4
Chart 1
Weekly Chart: Upside #momentum is stalling as cluster #resistance at 17.65-18.95 coupled with #Fib. 0.382 at 19.14 is proving formidable. Bullishness will be achieved only on a close above sloping trendline resistance which .....

VIPS 2/4
..... begins at 20.62 to target 24.24. To the downside strong #support is seen at the #pivot 12.04, Fib. 0.618 at 11.99 and then #SMA 200 at 11.17. Further down below #trendline resistance turned support at 9.87.

VIPS 3/4
Read 4 tweets
Analysis: #OTCMKTS $PTOTF

Case 302 #Patriot_One_Technologies Inc.

..... requested by: @BikeMike48

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

#PTOTF 1/4
Chart 1
Weekly Chart: The short term trend is #bullish but the medium and long term are very #bearish as price has gone from an all time high (2.29) to an all time low (0.35) Price needs to close above the minimum requirement: bottom of the .....

PTOTF 2/4
..... channel currently at 0.5955. Immediate #resistance at 0.8428-0.9250 then further #SMA 50 at 1.0460 then May 2019 #trendline resistance 1.1429. #Support begins at 0.5600 then sloping trendline support at 0.3404 - a close below targets 0.1973.

PTOTF 3/3
Read 4 tweets
Analysis: #NASDAQ $VFF

Case 301 #Village_Farms International Inc.

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

#VFF 1/4
Chart 1
Weekly Chart: Since peaking at an all time high of 18.10 price has declined steeply finding #support at the #Fib. 0.786 at 4.30 and #trendline 2.07. Price has broken above the SMA 200 and the 2017 trendline has been temporarily .....

VFF 2/4
..... reclaimed - immediate resistance is seen at the #pivot 6.62 then #confluence of #SMA 50 and Fib. 0.681 respectively at 7.18/25. Further up formidable #resistance is seen at 10.50 - 11.65.

VFF 3/4
Read 4 tweets
Analysis: #NASDAQ $CARA

Case 300 #Cara_Therapeutics Inc.

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

#CARA 1/4
Chart 1
Weekly Chart: Price has been trading in a $13 range for most of it's time in the last 3 years and has failed to close above the weekly closing #trendline since 2017 - unless this happens expect further range-bound activity to .....

CARA 2/4
..... continue in the future. An attempt is currently underway to reclaim trendline #support turned #resistance and upside #momentum will pick up on a close above 19.83 to target #pivot resistance at 24.60 then the vacuum top at 27.10.

CARA 3/4
Read 4 tweets
Analysis: #NYSE $INGR

Case 299 #Ingredion Incorporated

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

#INGR 1/4
Chart 1
Weekly Chart: The price drop seen in Mar. 2020 found #support on the #confluence of the Fib. 0.618 and the SMA 200 at 61.75/46 respectively but has failed to close above the SMA 20 at 86.74 - higher up .....

INGR 2/4
..... #trendline #resistance at 93.56 and #Fib. 0.382 at 94.09. Watch for a sustained close below 73.10 to will retarget the #SMA 200.

INGR 3/4
Read 4 tweets
Analysis: #NASDAQ $KURA

Case 298 #Kura_Oncology Inc.

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

#KURA 1/4
Chart 1
Weekly Chart: Price found #support at the combined monthly #pivot, Fib 0.786 and sloping #trendline - 7.51/11, closed above all the main #SMAs and recaptured the long term trendline (resistance back to support). Upside #momentum is .....

KURA 2/4
..... very strong and a close above the monthly pivot #resistance at 22.60 is required to target 29.78 then further out 34.43.

KURA 3/4
Read 4 tweets
Analysis: #NYSE $TGT

Case 297 #Target Corporation.

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

#TGT 1/4
Chart 1
Monthly Chart: Following the all time high of 130.24 a sudden reversal ensued running into a multiple #support zone of $5 comprising of broken #trendline #resistance turned support, the 2018 high, SMA 50 with Fib. 0.382 marginally lower at 90.04. The .....

TGT 2/4
..... reaction has been good and the Feb - Mar 2020 losses have been reclaimed. Price needs to close above 139.23 to target 153.10 then the main objective 171.55. Strong support lies at the #confluence of the #SMA 50 and #Fib. 0.5 at 78.62 and 77.62 respectively.

TGT 3/4
Read 4 tweets
Analysis: #NYSE $O

Case 296 #Realty_Income Corporation.

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

#O 1/4
Chart 1
Monthly Chart: Price peaked at an all time high of 84.92 and failed to reach the first objective of 89.12 - a violent #reversal ensued, smashing through the 10 year #trendline support but found #support on the .....

O 2/4
..... #SMA 200 and Fib. 0.618 at 39.78 and 38.02 respectively. Price has been unable to close above the confluence of the 10 year TL and #Fib. 0.382 at 55.79 and this is pressuring the downside.

O 3/4
Read 4 tweets
Analysis: #NYSE $GPS

Case 295 #The_Gap Inc.

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

#GPS 1/4
Chart 1
Weekly Chart: The long term trend is very #bearish as price managed to break and close below the 10 and 30 year #trendlines. The inability to recapture and close above pivot #resistance at 9.09 is worrying. Sloping .....

GPS 2/4
..... channel #support begins at 3.56 with #pivot support at 4.07 - a close below the latter targets 3.83 and possibly 2.20.

GPS 3/4
Read 4 tweets
Analysis: #NYSE $LTHM

Case 294 #Livent Corporation

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

#LTHM 1/4
Chart 1
Daily Chart: Upside progress has been lethargic ever since the recording of the new all time low of 3.95. Immediate #resistance appears at 6.93 with the #SMA 200 at 7.36 and further up a formidable zone 9.30 - 12.50 (comprising of .....

LTHM 2/4
..... the broken TL #support turned resistance, weekly #pivot and long term trendline). To the downside support begins at 3.48 extending all the way to 1.57 (projected monthly #trendline support).

LTHM 3/4
Read 4 tweets
Analysis: #NASDAQ $YY

Case 292 #JOYY Inc

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

#YY 1/4
Chart 1
Weekly Chart: Price is currently attempting to break above the June 2019 #trendline (orange) but firm #resistance is seen higher above at 69.69 (#confluence of #pivot, broken July 2016 (dotted) trendline with the #SMA 200 currently .....

YY 2/4
..... at 71.27 - which has contained upside breaks since July 2019. The 2013 trendline #support has been broken and reclaimed as price retested the level and held.

YY 3/4
Read 4 tweets
Analysis: #NASDAQ $SPLK

Case 291 #Splunk Inc.

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

#SPLK 1/4
Chart 1
Weekly Chart: The all time high of 176.31 was followed by a huge surge downwards and price temporarily broke below the 4 year #trendline but found strong #support on the #SMA 200 and #Fib. 0.50 (100.73). All the losses .....

SPLK 2/4
..... seen in March have all been recouped, with good upwards #momentum. A strong close above 172.52 is required.

SPLK 3/4
Read 4 tweets
Analysis: #NASDAQ $ADI

Case 289 #Analog_Devices, Inc.

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

#ADI 1/4
Chart 1
Weekly Chart: Since recording a new all time high of 127.30, price reversed, closed below the June 2019 #trendline and now unable to break back above. #Momentum is negative and there's a big risk that price trades below the .....

ADI 2/4
..... 92.40 #pivot, the #SMA 200 currently at 92.06.A close below the latter will target the #Fib. 0.382 at 85.04 (15.29-127.30).

ADI 3/4
Read 4 tweets
Analysis: #NYSE $NEWR

Case 288 #New_Relic Inc.

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

#NEWR 1/4
Chart 1
Weekly Chart: Price has reclaimed broken #trendline #support and #Fib 0.618 at 56.44 and is currently running into #SMA 200 and 50 resistances at 65.60/76 respectively faltering. A close above .....

NEWR 2/4
..... 73.78 will target firm #resistance between 92.50 - 100.30. and then 103.40.

NEWR 3/4
Read 4 tweets
Analysis: #NASDAQ $PDCO

Case 287 #Patterson Companies Inc.

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

#PDCO 1/4
Chart 1
Monthly Chart: The loss of the combined #pivot and the 1996 #trendline support at 25.27 has seen the bears take control and price has been unable to reclaim that level. The #Fib. 0.786 at .....

PDCO 2/4
..... 12.90 has held, for the moment, but we envisage further future losses, especially on a close below trendline #support at 11.40.

PDCO 3/4
Read 4 tweets
Analysis: #NYSE $WELL

Case 286 #Welltower Inc.

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

#WELL 1/4
Chart 1
Monthly Chart: A new all time high of 93.17 (Oct. 2019) and from there a spectacular reversal took place - wiping out all gains built since 2002. Support at #Fib 0.786 at 25.44 has temporarily contained the .....

WELL 2/4
..... downside but the inability to regain control of the 8 year range base at 52.40 weighs heavily. Strong #support is seen between 16.82-12.00 (Fibs. 0.886 & 0.942)

WELL 3/4
Read 4 tweets
Analysis: #NASDAQ $JCOM

Case 285 #J2_Global Inc.

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

#JCOM 1/4
Chart 1
Weekly Chart: The 2 year range #resistance at 91.56 was broken in Oct. 2019 and a new all time high of 104.57 was recorded but failure to break/hold above long term #trendline resistance has exposed weakness as all gains from .....

JCOM 2/4
..... 2016 have been wiped out. #Support was found at the #Fib 0.50 at 60.96 and #pivot at. 57.32 - a break below exposes 50.67, possibly targeting 43.60, as another leg lower is in the process.

JCOM 3/4
Read 4 tweets
Analysis: #NYSE $NET

Case 284 #Cloudflare Inc.

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

#NET 1/4
Chart 1
Daily Chart: Good upside #momentum has been building since Mar. 2020 and a new all time high of 30.23 has been recorded. Price is currently attempting to close above trendline #resistance at 29.00 - a two .....

NET 2/4
..... day close above 29.52 is key for it to target the main objective 34.70. Good #support is seen off the #SMA 50 at 23.19 and rising #trendline support.

NET 3/4
Read 4 tweets

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