Discover and read the best of Twitter Threads about #confluence

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#confluence
#Engineering #medicine #management

More and more IIT alumni are donating money to their mother institutions (IITs) to build and run medical colleges.

This is excellent start of a revolution. Let's try to predict the direction.

#Thread
IITs have been truly star institutes of India. Almost all produce occupies highest possible positions home and abroad. And in civil services as well.

Every Indian parent nurtures IIT dream for their children and IIT alumni run coaching institutes also to fulfil that dream.
Intelligent engineers quickly quit their base speciality and enter very lucrative management work in for-profit organisations. Our best brains are well known to make tons of money for investors and share holders. Enriching the whole world in this process.
Read 10 tweets
Analysis: #NASDAQ $RIDE

Case 507 #Lordstown Motors Corp.

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

RIDE 1/4
Chart 1
Weekly Chart: Dominated by short term traders as the reaction off the November lows has been disappointing - the failure at the #pivot 29.01 and the inability to record a new all time high above 31.80. The chart is now short term #bearish and we await a .....

RIDE 2/4
..... reaction towards 17.25- 15.80 to initiate our position. #Trendline #support and control are in #confluence at 14.48 with the #SMA 200 hovering slightly above. The #resistance zone 25.47- 26.48 is rather fragile.

RIDE 3/4
Read 4 tweets
Analysis: #NASDAQ

Case 492 #Catalyst Pharmaceuticals Inc.

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

#CPRX 1/5 Image
Chart 1
Weekly Chart: Price is being held down by the #SMA 200 and is about to run into 2016 trendline #support at 2.74 with good buying interest at 2.38/19. Below the Mar. 2017 #pivot at 1.95 and farther down synthetic sloping at 1.50 with control at 1.47. To .....

CPRX 2/5
..... the upside, notable #resistance seen at the #Fib .50 at 4.13 (bottom of May-July range) then Sept. 2019 #trendline resistance at 4.44. Sales and profit taking has been consistent and constant into 5.06/19 and higher up the #confluence of .....

CPRX 3/5
Read 5 tweets
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

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