Discover and read the best of Twitter Threads about #resistances

Most recents (24)

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: #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: #NYSE $X

Case 339 #United_States_Steel Corporation

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

#X 1/4
Chart 1
Monthly Chart: Price traded to a new all time low of 4.54, Mar. 2020, but failed to close below the 17 year #trendline support. Watch the #SMA 20 closely as it had acted as #support since .....

X 2/4
..... July 2016 then closed below in Aug. 2018 with price unable to trade back above - currently at 13.56.

X 3/4
Read 4 tweets
Analysis: #NASDAQ $ENDP

Case 321 #Endo International plc - Revisited

Special request: Sveta

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

#ENDP 1/4
Chart 1
Weekly Chart: Since the Oct. 2019 analysis price managed to close above 5.63 but failed to fill the gap and closed back below - price remains constrained to a $5 range. Multiple #resistances are formidable - a close above the 2018 #pivot at .....

ENDP 2/4
..... 6.87 will see a run towards the unfilled gap and further up the #SMA 200 at 9.41, has contained the downside since 2016. To the downside a 2 week close below #trendline #support at 2.14 will be very #bearish.

ENDP 3/4
Read 4 tweets
Analysis: #NYSE $TRN

Case 281 #Trinity Industries, Inc.

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

#TRN 1/4
Chart 1
Weekly Chart: The uptrend is still #bullish and an attempt to move above the #SMA 20 & 50 (19.16/50) is in progress - a break/ hold above 23.10 (pivot) and then above 25.10 (trendline) is required to tackle strong #resistances at .....

TRN 2/4
..... 28.44 - 29.30. A failed attempt to break below long term #trendline support was seen in March but found buyers resting on the #Fib 0.618 and strong #pivot and cluster #support at 14.40.

TRN 3/4
Read 4 tweets
Analysis: #NYSE $TECK

Case 280 #Teck_Resources Limited

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

#TECK 1/3
Chart 1
Weekly Chart: Price is revisiting the lows seen in 2016, the Fib 0.886 has contained the move down and price currently trades above the #Fib 0.786 at 8.60. Formidable #resistances appear at 12.90 (#pivot) then 13.34/44 (Fib 0.618 and #trendline) and 14.38/94.

TECK 2/3
Chart 2
Daily Chart: The #SMA 200 is currently at 14.12. Immediate #support at 7.60 then 6.22 - 5.60.

The #Strategy is printed on the image.

$TECK 3/3
Read 3 tweets
Analysis: #NASDAQ $IRBT

Case 258 #iRobot Corporation

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

#IRBT 1/4
Chart 1
Monthly Chart: Price peaked at 132.88 in March. 2019 and has since then lost 70% of it's value finding #support on the #Fib. 0.786 and longer #trendline support. Conditions are very #bearish, .....

IRBT 2/4
..... #resistances are strong - the #SMA 200 at 72.76, broken trendline at 81.17 and then the unfilled gap. A sustained break and close below 34.00 targets 21.60.

IRBT 3/4
Read 4 tweets
Analysis: #NASDAQ $EBAY

Case 237 #eBay Inc.

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

#EBAY 1/4
Chart 1
Weekly Chart: The medium term trend is fairly neutral and price only managed to close back above the Oct. 2014 #trendline. The main SMAs are pointing down with #SMA 200 at 34.97. Further up #resistances are noted at 36.91 (#pivot) and then 39.00 (trendline).....

EBAY 2/4
..... To the downside a loss of 25.95 will set sights on the monthly SMA 200 and #Fib. 0.618 at 20.5, further down pivot #support at 16.42.

EBAY 3/4
Read 4 tweets
Analysis: #NYSE $AMC

Case 235 #AMC_Entertainment Holdings Inc.

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

#AMC 1/4
Chart 1
Weekly Chart: #Bearish on all time frames with firm #resistances located between 5.95-9.00. The main #SMAs are all pointing down and expecting to see a new all time low. A break and close below 2.27 will see .....

AMC 2/4
..... price touch 1.55/40 rather quickly with possible extensions towards 0.75 and then 0.35.

AMC 3/4
Read 4 tweets
Analysis: #NYSE $DAL

Case 198 #Delta Air Lines Inc.

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

#DAL 1/4
Chart 1
Weekly Chart: Price has broken out of the 3 year trading range to the downside - the loss of 44.57 #support has seen a strong move towards the 36.00 level. We envisage further losses to 30.44 and expect buyers to .....

DAL 2/4
..... temporarily contain the downside. #Resistances are now well established especially at 45.15 - 47.35 and further up 51.10/20.

DAL 3/4
Read 4 tweets
Analysis: #NASDAQ $BBBY

Case 192 #Bed_Bath & Beyond Inc.

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

#BBBY 1/4
Chart 1
Weekly Chart: The loss of #trendline #support at 14.36 was followed by a gap down to 12.15, buying interest from there has been anemic with sales around 13.00 forcing price lower - the current target is .....

BBBY 2/4
..... 4.40/06. #Resistances at the top are strong and the main #SMAs are all pointing lower.

BBBY 3/4
Read 4 tweets
Analysis: #NYSE $KSS

Case 185 #Kohl's Corporation

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

#KSS 1/4
Chart 1
Monthly Chart: Price failed to close above 79.60 for a fourth time and has since come crashing down breaking the monthly #trendline - a close below 39.02 is very #bearish and will eventually .....

KSS 2/4
..... target 24.28 and possibly 19.15. To the upside #resistances are strong and layered beginning at 42.90 then 50.25 and 54.30/55.

KSS 3/4
Read 4 tweets
Analysis: #NYSE $VLO

Case 184 #Valero Energy Corporation

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

#VLO 1/4
Chart 1
Weekly Chart: Medium term #support at 70.40 has been lost and with it the long term 2012 #trendline. Price is currently trading below the 2019 low - the next target is 52.55 then the 46.30-44.50 support .....

VLO 2/4
..... zone where we expect buyers to be positioned and below at 38.95/15. To the upside #resistances are stacked and formidable beginning at 72.45-73.30 then 78.50-79.80.

VLO 3/4
Read 4 tweets
Analysis: #NYSE $WWE

Case 151 #World_Wrestling_Entertainment, Inc.

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

Thread 👇👇👇

#WWE 1/3
Chart 1
Weekly Chart: #Bearish in the short and long term and expecting further losses towards 30.90 - 29.50. To the upside #resistances are firm with the #Fib. 0.618 at 44.44 and #SMA 200 at 46.78 and further above 50.96 broken trendline #support.

WWE 2/3
Chart 2
Daily Chart : An unfilled gap (60.08 - 51.33) exists with #trendline resistance at 64.65. The main SMAs are bearish.

The #Strategy is printed on the image.

$WWE 3/3
Read 3 tweets
Analysis: #NYSE $XOM

Case 139 #Exxon Mobil Corporation

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

Thread 👇👇👇

#XOM 1/4
Chart 1
Monthly Chart: Following on from the close below 67.00 Exxon is now very #bearish and should be heading towards 56.14 - a monthly close below this level will leave price targeting the .....

XOM 2/4
..... vacuum at 51.55 then 45.80-43.80. To the upside #resistances are now very clear beginning from 67.00 all the way to 76.00. The monthly #SMA 20 cut below to SMA 200 at 75.25.

XOM 3/4
Read 4 tweets
Analysis: #NASDAQ $VIAC

Case 127 #ViacomCBS Inc

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

Thread 👇👇👇

#VIAC 1/4
Chart 1
Monthly Chart: The long term #support at 41.36 finally gave way in Sept. 2019. Some mild support seen 32.15-31.85 but we expect this zone to be flimsy and price should head towards 28.50-26.95 and a ......

VIAC 2/4
..... break of the latter could see price quickly fall to 18.90. To the upside #resistances are formidable. The #SMAs are negative pointing to further losses.

VIAC 3/4
Read 4 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.

Thread 👇👇👇

#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.

Thread 👇👇👇

#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 $CTST

Case 1101 #CannTrust Holdings Inc

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

Thread 👇👇👇

#CTST 1/4
Chart 1
Weekly Chart: Although a low of 0.75 has been recorded followed by a rise to 1.34 we remain unconvinced that the worst is over and envisage possible downside probes towards 0.70/64 where we expect better buying interest.

#Resistances are loaded at the ....

CTST 2/4
..... top: #Fib, #pivot, broken TL support, #SMA50. Only a close above sloping TL 1.23 and then a close above 1.37 will convince.

A vacuum exits above 1.81 and a weekly close above targets 3.20/45. A close above 8.20 is required to remove the long term bearish bias.

CTST 3/4
Read 4 tweets
Analysis: #NASDAQ $VERU

Case 69 #Veru Inc

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

:::::::::::::::::: By Special Request ::::::::::::::::::

Thread 👇👇👇

#VERU 1/6
Ever since peaking at 10.01 in June 2013 all gains were wiped out reaching a low of 0.72 in October 2016. Since then it's been trading in a $2 range and attempting to form a base.

VERU 2/6
Chart 1
Monthly Chart: The #SMA 20 & 50 are showing #support but the SMA 200 is sitting at 3.34 and because of this we're suspicious and would like to see a correction lower to enter into long positions. .....

VERU 3/6
Read 6 tweets
Analysis: #Cboe BZX $PEP

Case 59 #Pepsico Inc

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

Thread 👇👇👇

#PEP 1/5
Price moved #parabolic in 2019 a small correction ensued and price resumed to the upside. The longer term object around Aug. 2021 is 155-156.

PEP 2/5
Chart 1
Weekly Chart: Current #resistances seen at 141.15, 145.53, 148.75 and 150.95. Minor supports at 130.80 and 128.40 with major #support at 121.75-120.90.

PEP 3/5
Read 5 tweets
Analysis: #NYSE $XRX

Case 40 #Xerox Corp - Revisited

First 6 pages reproduced from Nov 7 (Case 40), 1 page updated

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

Thread 👇👇👇

#XRX 1/7
Still far off the 2007 high at 53.17 and even further from the 1995 high at 63.94. For the last 10 years Xerox has been trading in a $22 range the short and medium term remain neutral but the long term is slightly #bullish.

XRX 2/7
Chart 1
Monthly Chart: The 1995 trendline #pivot has been pierced but this is not a sign to go long. A monthly close above would add further bullishness. The #resistances and supports have been presented.

XRX 3/7
Read 7 tweets
Analysis: #NASDAQ $QCOM

Case 55 #Qualcomm Incorporated

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

Thread 👇👇👇

#QCOM 1/5
After 3 years of base building at approximately the 49.00 level, price is now ready to tackle the all time high set in March 2000, but to do this a monthly close above #pivot resistance at .......

QCOM 2/5
...... 88.06 is required and a lot of work still needs to be done. Current conditions are volatile and choppiness should continue.

QCOM 3/5
Read 5 tweets
Analysis: #NASDAQ $QQQ

Case 54 #Invesco QQQ Trust

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

Thread 👇👇👇

#QQQ 1/5
The strong up trend is set to continue but we expect some signs of exhaustion to be seen around 231-243 which should then lead to a minor correction towards 197-194.

QQQ 2/5
Chart 1
Monthly Chart: Synthetic #trendline resistances and the project horizontal #resistances. A break above 208.80 could target 215.

QQQ 3/5
Read 5 tweets

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