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Analysis: #NASDAQ $AXSM

Case 142 #Axsome Therapeutics Inc (Revisited 01)

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
Chart 1
Weekly Chart: The whole #parabolic move of 2019 ended with price peaking at a high of 109.94 and ever since price has corrected lower and is currently trapped in a .....

AXSM 2/4
..... tight $10 range. A large unfilled gap (72.85 - 49.97) exists and this is problematic as current conditions are mixed.

AXSM 3/4
Read 4 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 👇👇👇

#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

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