Discover and read the best of Twitter Threads about #confluence

Most recents (24)

Analysis: #NASDAQ $MNOV

Case 487 #MediciNova Inc.

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

#MNOV 1/4
Chart 1
Monthly Chart: Price needs to close/hold above the June 2018 #pivot at 7.96 to challenge formidable #resistance between 12.95- 14.43 (#Fibs. 0.786 & 0.886) with the #confluence of the 2006 #trendline and .....

MNOV 2/4
..... 2007 pivot at 13.99. Immediate #support is the June 2012 trendline sloping at 2.98, below there two control levels and buying interest at 1.18 and 0.53.

MNOV 3/4
Read 4 tweets
Analysis: #NASDAQ $NIO

Case 481 #NIO Inc. - REVISITED

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

#NIO 1/4
Chart 1
Weekly Chart: The buy odas on Dec. 2019 analysis never triggered. A new all time high was recorded, with price stalling at the Sep. 2018 #trendline. A close/hold above 21.33 will target synthetic #resistance at 24.67 then the first objective 26.39/48 and ....

NIO 2/4
.... main objective at 30.55. To the downside, #support begins at 14.98/57 with a close below leading to July 2020 range. Major support is seen at #confluence of #Fib. 0.50 and July #pivot at 11.12/09 with synthetic support and #SMA 20 rising towards the levels.

NIO 3/4
Read 4 tweets
Analysis: #NASDAQ $EVFM

Case 474 #EvofemBiosciences Inc.

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

#EVFM 1/4
Chart 1
Attachment 1
Weekly Chart: Price broke below the 2 year triangle and stopped just short of the Sept. 2017 #pivot at 2.01, below that the all time low of 1.79. We note buying interest at 1.10, 0.86 and 0.59. Immediate #resistance begins at .....

EVFM 2/4
..... the broken July 2018 trendline sloping at 3.90 then the Jan. 2018 #trendline at 6.64. Farther up the #confluence of the control point and #Fib 0.50 at 7.33/34 with a close above the latter targeting the balance point at 12.06.

EVFM 3/4
Read 4 tweets
Analysis: #NASDAQ $ISRG

Case 473 #Intuitive Surgical Inc.

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

#ISRG 1/4
Chart 1
Weekly Chart: A good recovery was seen off the Mar. 2020 lows with price closing strongly above the Oct. 2018 trendline. #Momentum is still positive but is currently stalling and sustained closes below the July 2020 #pivot at 685.44 should .....

ISRG 2/4
..... target the #trendline turned #support, sloping at 638.71. To the upside the first target is 849.11 with synthetic #resistance at approximately 820.00, farther up the main objective at 972.47.

ISRG 3/4
Read 4 tweets
Analysis: #NYSE $PEG

Case 468 #PublicServiceEnterprise Group Incorporated

Requested by: @Andrea27345585

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

#PEG 1/5
Chart 1
Monthly Chart: The large declines seen in Q1 2020 found buyers around the #SMA 200 and Fib. 0.50 at 37.83- 36.84 respectively. Current conditions are restricted within the triangle and #momentum is negative and on stall. .....

PEG 2/5
..... Immediate #resistance is 55.53 (Jan. 2020 trendline) with #pivot resistances at 55.94- 56.87 (SMA 20 containing at 56.24, then synthetic resistance sloping at 60.13. Further up the Jan. 2008 #trendline at 65.01 but long term #bullish control is .....

PEG 3/5
Read 6 tweets
Analysis: #NASDAQ $SIRI

Case 466 #SIRIUSXM Radio Inc.

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

#SIRI 1/4
Chart 1
Monthly Chart: Failure to break above the Dec. 2004 #trendline and pivot and negative #momentum has seen price drift lower. A close/hold below Oct. 2015 pivot at 4.08 would be very #bearish and target .....

SIRI 2/4
..... the #SMA 200 at 3.73 (which is unreliable) - farther down support at 3.14- 2.53 #pivot. To the upside, we look for a 2 week close above 7.65 to target 8.56 and higher up 10.35/73

SIRI 3/4
Read 5 tweets
Analysis: #NASDAQ $ETSY

Case 464 #Etsy Inc.

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

#ETSY 1/4
Chart 1
Weekly Chart: The strong up move seen in Mar. 2020 has found synthetic #resistance at 134.31 tough to clear and price has begun a correction lower. The Apr. 2020 #trendline is flimsy and we expect a .....

ETSY 2/4
..... move lower towards the #confluence of the Fib. 0.382 and Apr. 2016 trendline at 89.70.

ETSY 3/4
Read 5 tweets
Analysis: #NYSE $PSTG

Case 447 #PureStorage Inc.

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

#PSTG 1/4
Chart 1
Weekly Chart: Mar. 2020 saw price move down to a new all time low at 7.93 and failed to connect to the June 2016 #trendline. A good bounce followed but lost steam at the #confluence of #resistance s (synthetic trendline, the Nov. 2019 trendline and .....

PSTG 2/4
..... #Fib. 0.50 at 18.53). Higher up the 20.00 #pivot and Fib. 0.618, then another synthetic sloping at 23.04. A close/hold above 25.05 targets 25.73. To the downside #support is seen at 12.70- 7.62 and then 6.89.

PSTG 3/4
Read 5 tweets
Analysis: #NASDAQ $ICPT

Case 435 #InterceptPharmaceuticals Inc.

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

#ICPT 1/4
Chart 1
Weekly Chart: The strong #bearish close below the #confluence of #Fib. 0.886 and Mar. 2020 #pivot at 72.57 and 71.82 left a large unfilled gap at 50.00 - 75.50. #Momentum is negative and falling, a close/hold below 41.67 will cause further .....

ICPT 2/4
..... damage and target synthetic #support at 36.59, farther down another synthetic appears at 14.98, below the all time low of 18.06.

ICPT 3/4
Read 5 tweets
Analysis: #NASDAQ $TTOO

Case 431 #T2Biosystems Inc.

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

#TTOO 1/4
Chart 1
Weekly Chart: Price closed/held above the Jan. 2015 #trendline resistance in July 2020, but the upside reaction has been lethargic and #momentum is falling. A close/hold above Sept. 2019 pivot #resistance at 2.88 is required to .....

TTOO 2/4
..... target 4.40/85 (short-term profit taking zone). Further up another profit taking zone at 5.27/83, then 5.99 pivot - a close here targets the #confluence of resistance: #Fib. 0.382 and June 2018 #pivot at 9.50/58.

TTOO 3/4
Read 5 tweets
Analysis: #NASDAQ $VXRT

Case 419 #Vaxart Inc.

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

#VXRT 1/5
Chart 1
Weekly Chart: The all time low at 0.25 is confirmed following the strong close above Nov. 2017 trendline. June 2020 witnessed a strong close above a #confluence of #resistance - Jan. 2020 #trendline, SMA 200 and Oct. 2018 .....

VXRT 2/5
..... pivot respectively at 4.85, 5.01 and 5.25. Note that the last time price traded above the #SMA 200 was in 2011. A close above the Sept. 2016 #pivot is now required for 30.14 and then above the control point 39.82 for long term #bullishness.

VXRT 3/5
Read 6 tweets
Analysis: #NYSEArca $SLV

Case 418 #iSharesSilver Trust

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

#SLV 1/4
Chart 1
Monthly Chart: July 2020 strong up move closed above 2014 July #trendline and is currently targeting the #confluence of 2012 #pivot and #Fib. 0.50 at 28.08/40 respectively. A close above the latter targets 30.55 and a close above .....

SLV 2/4
..... here targets a major #resistance zone of 40.58-41.97. To the downside #support begins at 20.84 then 18.05.

SLV 3/4
Read 5 tweets
Analysis: #NYSE $UAVS

Case 417 #AgEagle Aerial Systems Inc.

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

#UAVS 1/4
Chart 1
Daily Chart: Ever since April's kneejerk move, price remains contained in a triangle with falling #momentum. Price needs to close above #trendline resistance at 3.55 and then hold above 4.35 to target 5.57, further up .....

UAVS 2/4
pivot #resistance at 6.25. To the downside, price is currently holding above the SMA 20 at 2.94 with immediate #support below that at the #pivot 2.30, then the #confluence of the #SMA 50 and synthetic at 1.99. And below Apr.2020 support at 1.44.

UAVS 3/4
Read 5 tweets
Analysis: #NYSE $BORR

Case 414 #BorrDrilling Limited

Special Request: scepticman via Stocktwits.com

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

#BORR 1/4
Chart 1
Daily Chart: Price broke above Jan. 2020 trendline #resistance but now needs to close/hold above 1.55 which will then target 2.33 (selling interest at both levels) to pivot resistance at 2.63. Further up a .....

BORR 2/4
..... #confluence of resistance #Fib. 0.382, synthetic and SMA 200 at 3.63, 3.60 & 3.42 respectively. A close above the former targets 5.73-6.06. Immediate #support at 0.86 (Mar. 2020 TL) then 0.54 (buying int.) and then Mar.2020 #pivot at 0.41.

BORR 3/4
Read 5 tweets
Analysis: #NASDAQ $BLIN

Case 412 #BridgelineDigital Inc.

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

#BLIN 1/4
Chart 1
Daily Chart: Price has risen strongly off the all time low, smashing through the June 2020 #pivot and stalling at the Dec. 2019 #trendline. A close/hold above 3.38 is required to tackle .....

BLIN 2/4
..... synthetic #resistances at 4.44/64, 5.58. #Support begins from #Fib. 0.382 at 2.45 stretching to the pivot 1.93 with #SMA 50 at 1.89.

BLIN 3/4
Read 5 tweets
Analysis: #NASDAQ $CDEV

Case 410 #CentennialResourceDevelopment Inc.

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

#CDEV 1/4
Chart 1
Weekly Chart: Price closed below #SMA 50 in Nov. 2018 and has never closed back above. Fibs, pivots and synthetic resistances are in perfect harmony. A close above horizontal synthetic 5.4557 targets .....

CDEV 2/4
..... sloping synthetic #resistance at 9.9087 then 13.0898 quickly. Further up the #confluence of 2017 #pivot and #Fib. 0.618 at 14.35/38.

CDEV 3/4
Read 5 tweets
Analysis: #NASDAQ $AIKI

Case 408 #AIkido Pharma Inc.

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

#AIKI 1/5
Chart 1
Daily Chart: Price needs to break above Apr. 2020 #trendline resistance then close/hold above 1.40 for upside #momentum. A close above 2.44 is required to target synthetic #resistance at 3.62, then 5.21. To .....

AIKI 2/5
..... the downside a #support zone of 0.94/75 exists. A close below 0.48 could see the price target 0.29.

AIKI 3/5
Read 6 tweets
Analysis: #NASDAQ $BNGO

Case 396 #Bionano Genomics Inc.

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

#BNGO 1/4
Chart 1
Weekly Chart: Price is attempting to close above the SMA 50 at 0.8295 with immediate #resistance at the 2018 #trendline at 1.5292 then synthetic resistances at approximately 2.02 - 3.01 - a close/hold above .....

BNGO 2/4
..... the latter targets the major resistance zone of #Fibs 0.382 and 0.50 in #confluence with pivots at 3.98 - 5.02.

BNGO 3/4
Read 5 tweets
Analysis: #NASDAQ $ABUS

Case 395 #Arbutus Biopharma Corporation

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

#ABUS 1/5
Chart 1
Monthly Chart: Price has bounced strongly taking out a #confluence of multiple #resistances: the reclaimed 2011 trendline, 2016 #pivot, 2014 trendline and SMA 50 at 3.11/14, 3.71/88 respectively. A close .....

ABUS 2/5
..... above 6.20 targets 12.05/70, further up a close/hold above the #Fib. 0.50 (16.15) targets 21.49.

ABUS 3/5
Read 6 tweets
Analysis: #NYSE $LUV

Case 391 #Southwest_Airlines Co.

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

#LUV 1/4
Chart 1
Monthly Chart: Feb. 2020 closes below the 2014 #trendline and 2015 pivot (46.29) witnessed the loss of control - the downdraft saw price target the #confluence of #support of the 2000 #pivot and 2010 channel top trendline and price .....

LUV 2/4
..... bounced up $20. The Apr. 2020 pivot (31.25) and #Fib. 0.618 (18.23) are under pressure - a close below the latter retargets the May 2020 low.

LUV 3/4
Read 5 tweets
Analysis: #NASDAQ $DKNG

Case 387 #DraftKings Inc.

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

#DKNG 1/4
Chart 1
Weekly Chart: The #parabolic move seen in Apr. 2020, as expected, saw a correction down to the #Fib 0.50 (27.70) - a 2 week close below sees price fall down into strong #support 20.50 - 16.80 (Fib. 0.786, #pivot and .....

DKNG 2/4
..... #SMA 50). A close above 42.00 is required to target 54.22 and further above 61.93.

DKNG 3/4
Read 5 tweets
Analysis: #NYSE $WM

Case 385 #Waste_Management Inc.

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

#WM 1/4
Chart 1
Monthly Chart: Since reaching a new all time high of 126.79 price fell heavily, smashing through 2016 #trendline support, eventually finding #support at the #confluence of the #Fib. 0.382, pivot and .....

WM 2/4
..... #SMA 50 (88.96-86.26). A good bounce ensued but failure to close above 112.21 #pivot resistance is problematic. Synthetic #resistance sloping at 130.88.

WM 3/4
Read 4 tweets
Analysis: #NASDAQ $AUPH

Case 377 #Aurinia Pharmaceuticals Inc.

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

#AUPH 1/4
Chart 1
Weekly Chart: As expected the 2019 #parabolic move saw a correction taking price between the #Fib. 0.50 and 0.681, stalling at the #SMA 50 - however, the reaction has been disappointing as it failed to gain a foothold above #pivot .....

AUPH 2/4
..... #resistances 17.50 - 18.71. The Nov. 2019 #trendline is under pressure - a close below targets 13.00.

AUPH 3/4
Read 4 tweets
Analysis: #NASDAQ $W

Case 376 #Wayfair Inc.

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

#W 1/3
Chart 1
Weekly Chart: The losses seen in Q1 2020 have been absorbed and price went #parabolic, reclaiming the #SMA 200 and closing strongly above 1 year #trendline resistance. Price has also closed above 2015 trendline #resistance - the immediate target is 250.56 - 251.62.

W 2/3
Chart 2
Daily Chart: A gap is still unfilled by $10. A #confluence of support: SMA 20, May 2020 trendline and SMA 50 will soon #support the 188.05 #pivot. Attempting small longs. Conditions are tricky as major support lies far below.

The #Strategy is printed on the image

$W 3/3
Read 3 tweets

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