Discover and read the best of Twitter Threads about #Trendline

Most recents (24)

Analysis: #NASDAQ $MRNA

Case 132 #Moderna Inc

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

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#MRNA 1/4
Chart 1
Weekly Chart: Recovered well off the lows with an established base 13.40-12.55. Currently failing to break above #trendline channel #resistance. The .....

MRNA 2/4
..... main #SMAs are flat to slightly up - we shall allow for a shallow correction before entering into position with a tight stop.

MRNA 3/4
Read 4 tweets
Analysis: #NYSE $NEM

Case 131 #Newmont Corporation

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

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#NEM 1/4
Chart 1
Monthly Chart: Price continues to trade in the 3 year range between 46.00-29.00 and currently stranded just below #trendline #resistance at 45.30. The longer term objective is 68.15 but for this to .....

NEM 2/4
..... happen a close above 53.35 is required. We expect more range play and plan to position ourselves within the range until a firm break is seen.

NEM 3/4
Read 4 tweets
Analysis: #NYSE $FSB

Case 126 #Franklin Financial Network Inc

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

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#FSB 1/3
Chart 1
Weekly Chart: The yearly #pivot resistance at 35.08 has finally yielded. Price is currently attempting to break above the 2017 #trendline resistance. Stronger resistance between 39.25/65. The long term objective is 63.1 but first price needs to close above 51.93.

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

$FSB 3/3
Read 3 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.

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#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.

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#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 $ENB

Case 115 #Enbridge Inc

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

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#ENB 1/3
Chart 1
Monthly Chart: Major #resistance levels were broken in 2019: the falling 4 year #trendline, the monthly #SMA 20 and the 2018 range. Price needs to hold above 48.00 then close above 51.40. The long term target and objective is 84.80.

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

$ENB 3/3
Read 3 tweets
Analysis: #NASDAQ $SNAP

Case 110 #Snap Inc

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

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#SNAP 1/4
Chart 1
Weekly Chart: Good recovery off the 2018 lows followed by a break/close above sloping #trendline resistance - leading to cluster support and preventing downward probes. .....

SNAP 2/4
..... Some #resistance seen at 19.80-20.05 (broken TL support) where we expect price to drift lower again. Strong resistance at 26.40/65 - a close above the latter is very #bullish.

SNAP 3/4
Read 4 tweets
Analysis: #NASDAQ $ENPH

Case 104 #Enphase Energy Inc

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

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#ENPH 1/4
Chart 1
Weekly Chart: Enphase recorded a new all time high of 35.42 in August 2019 stalling exactly at the rising #trendline resistance. It has since then corrected .....

ENPH 2/4
..... lower touching trendline #support with the SMA 50 slightly below. The uptrend is intact and price has reclaimed the #SMA 20. The long term objective remains 50.90-51.45.

ENPH 3/4
Read 4 tweets
Analysis: #NYSE $DVA

Case 100 #Davita Inc

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

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#DVA 1/4
Chart 1
Monthly Chart: Since registering an all time high of 85.17 price has drifted lower finding support at the #SMA 200 and #trendline support. .....

DVA 2/4
..... Price has been #trading in a $30 range and this broad range play is likely to continue. The eventual long term objective remains 125.00

DVA 3/4
Read 4 tweets
Analysis: #NYSE $AG

Case 98 #FirstMajestic Silver Corp

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

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#AG 1/4
Chart 1
Monthly Chart: Price is stable and the uptrend is beginning to develop. The falling #trendline (red) is not much of a concern. Price actually needs to close above the .....

AG 2/4
..... sloping #resistance line (orange) and once this is achieved we should then expect to see a challenge on 22.60 where resistance is anticipated to be tough. The main object remains 27.70.

AG 3/4
Read 4 tweets
Analysis: #NYSE $NIO

Case 97 #Nio Inc (ADR)

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

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#NIO 1/3
Chart 1
Weekly Chart: A very young stock and very bearish too. Price managed to close above #SMA 20 - the last time it was above was in March. However #trendline support turned #resistance sits at 2.94 and SMA 50 at 3.90.

NIO 2/3
Chart 2
Daily Chart: The #Strategy is printed on the chart.

$NIO 3/3
Read 3 tweets
Analysis: #NYSE $SKX

Case 94 #Skechers USA Inc

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

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#SKX 1/3
Chart 1
Monthly Chart: Since peaking at 54.53 in 2015 price has been trading in a $23 range. The 4 year #trendline #resistance has been overcome and expecting to see further gains.

SKX 2/3
Chart 2
Weekly Chart: The #Strategy is printed on the image.

$SKX 3/3
Read 3 tweets
Analysis: #NYSE $MO

Case 93 #Altria Group Inc.

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

Thread 👇👇👇

#MO 1/3
Chart 1
Monthly Chart: Since peaking at 77.29 in June 2017, price has drifted lower.

Strong #resistance is seen around 58.70-61.00.

The SMAs 20 & 50 are negative but the #SMA 200 at 34.27 and the long term trend, are bullish.

MO 2/3
Chart 2
Daily Chart: The main SMAs are all bullish and expect #trendline resistance valued at 54.95 to yield within a couple of months.

The #Strategy is printed on the image.

$MO 3/3
Read 3 tweets
Analysis: #NASDAQ $CMCSA

Case 91 #Comcast Corp

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

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#CMCSA 1/3
Chart 1
Weekly Chart: The long term is strongly bullish but short term momentum has been lost and we expect price to come lower. The #SMA 20 is acting as a mild #resistance but still notable.

CMCSA 2/3
Chart 2
Daily Chart: Both SMA 20 & 50 are now resistance with the SMA 200 barely holding. #Trendline support seen just below 36.00.

The #Strategy is printed on the image.

$CMCSA 3/3
Read 3 tweets
Analysis: #NASDAQ $MAXR

Case 90 #Maxar Technologies Inc.

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

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#MAXR 1/3
Chart 1
Weekly Chart: After falling heavily in 2018 a base appears to have formed and both #SMA 20 & 50 are beginning to point upwards. Still a lot of work needed to challenge #trendline #resistance at 24.50 - 25.50.

MAXR 2/3
Chart 2
Daily Chart: An unfilled gap 26.30 - 21.24 exists. The SMA 200 @ 7.59 is inline with trendline #support.

The #Strategy is printed on the image.

MAXR 3/3
Read 3 tweets
Analysis: #NYSE $SSW

Case 85 #Seaspan Corporation

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

Thread 👇👇👇

#SSW 1/3
Chart 1
Monthly Chart: Good two way action seen all around. Currently breaking above #trendline resistance and a strong close above 17.35 should eventually set sights on the #resistance zone 25.00 - 26.45. #SMA 20 & 50 are current supportive of a move higher.

SSW 2/3
Chart 2
Weekly Chart: The two way #strategy is printed on the image.

$SSW 3/3
Read 3 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 👇👇👇

#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 $AAON

Case 80 #AAON Inc

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

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#AAON 1/4
Chart 1
Monthly Chart: A super up trend with shallow pullbacks. Cluster resistance preventing price from registering a new all time high above 53.27 set in July 2019. The long term target is 66.65 but price first needs to clear 57.00, the downside is protected by 30.90.

AAON 2/4
Chart 2
Weekly Chart: The summer trading range of $5 still persists and failed #breakouts on both up and down can be seen. Expecting price to drift lower and towards the #SMA 200 and #trendline support. around 36.50/25.

AAON 3/4
Read 4 tweets
Analysis: #NYSE $CZZ

Case 79 #Cosan Ltd

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

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#CZZ 1/4
Chart 1
Weekly Chart: Since reaching the all time low of 2.47 in Jan. 2016 the price has climbed steadily and taking off in Sept. 2018. It currently sits, approximately, some $2.30 off the all time high at 21.55 and .....

CZZ 2/4
..... running into top side #resistance with synthetic resistances further up. Price has moved far away from the #SMA 50 & 200 and we await a small correction.

CZZ 3/4
Read 4 tweets
Analysis: #NYSE $GM

Case 78 #GeneralMotors Company

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

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#GM 1/4
Chart 1
Weekly Chart: The highest high was recorded in October 2017 and further upside attempts have been thwarted, leading price to edge lower - into a tight $9 range for most of 2019. The #SMAs are compressing and this is .....

GM 2/4
..... slightly worrisome. #Trendline support offers good opportunities to enter into longs and further down #Fib 0.618 and channel support 29.43 - 27.50 respectively.

GM 3/4
Read 4 tweets
Analysis: #NASDAQ $ZNGA

Case 77 #Zynga Inc

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

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#ZNGA 1/3
Chart 1
Weekly Chart: Reaching its highest level (6.65) in 6 years a loss of momentum has prevented further upside moves. Currently sitting below #trendline resistance and #Fib 0.382 at 7.18. Prices are now expected to creep lower towards trendline #support and SMA 200.

ZNGA 2/3
Chart 2
Daily Chart: The #SMA 200 has been supporting the upside for all of 2019 and in close proximity to current price. It might hold but we're a little suspicious of downside probes.

The #Strategy is printed on the image.

$ZNGA 3/3
Read 3 tweets
Analysis: #NASDAQ $BASI

Case 75 #Bioanalytical Systems Inc

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

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#BASI 1/4
Chart 1
Monthly Chart: The 9yr range has finally been broken but much work is needed to recapture the all time high of 14.50. Conditions are erratic and more chop is to be expected. Immediate resistances are 6.00/71 #Fib and broken #trendline support turned #resistance.

BASI 2/3
Chart 2
Weekly Chart: #SMA 50 & 200 are flat but still acting as support.

The #Strategy is printed on the image.

$BASI 3/3
Read 3 tweets
Analysis: #NASDAQ $BLDR

Case 74 #Builders Firstsource Inc

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

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#BLDR 1/4
Chart 1
Monthly Chart: Attempts to record a new all time high (26.21) are stalling and price remains underpinned at #trendline resistance. We believe that this delay shall not last long and see future gains towards ......

BLDR 2/4
...... 31.70 then the main target 36.55 and possibly extending to 37.30 before correcting lower.

BLDR 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.

Thread 👇👇👇

#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

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