Discover and read the best of Twitter Threads about #trendline

Most recents (24)

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.

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#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
Analysis: #NYSE $BBY

Case 70 #BestBuy Co. Inc

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

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#BBY 1/3
Chart 1
Monthly Chart: Upside momentum is stalling . A double top and #BollingerBand resistance sit at the all time highs and #trendline #resistance a little higher at 90.20. The long term target remains 120.85. #SMA 50 adding to the strong support.

BBY 2/3
Chart 2
Weekly Chart : The SMA 200 situated in the well define #support zone.

The #Strategy is printed on the image.

$BBY 3/3
Read 3 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 ::::::::::::::::::

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#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: #NASDAQ $NVDA

Case 68 #Nvidia Corp

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

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#NVDA 1/4
Nvidia went on a two and a half year #parabolic run, climbing from approximately $25 to $292 then went on a vicious three month correction taking the price back to 124.46.

NVDA 2/4
Chart 1
Monthly Chart: The correction was halted just ahead of the #Fib 0.618. It is bullish, the #SMA 20 has been reclaimed but losing some upside momentum. The SMA 50 & 200 offer good support. The very long term objective sees it trade above 340 for 425.

NVDA 3/4
Read 4 tweets
Analysis: #NYSE $WMT

Case 66 #Walmart Inc

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

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#WMT 1/4
Walmart spent 12 years trading in a monotonous $22 range, then finally it began to take off in 2012 and the old 1999 high of 70.25 was overtaken several times.

WMT 2/4
Chart 1
Weekly Chart: The main object stands between 136.80-137.60. Currently slightly overextended. Good #support seen from the #SMA 20 in line with the rising trendline. Major support lies between 73.00-68.50 and the SMA 200 at 65.08

WMT 3/4
Read 4 tweets
Analysis: #Cboe BZX $CSCO

Case 61 #Cisco Systems Inc

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

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#CSCO 1/8
Cisco recovery appears to have stalled and sellers have taken control of the short and medium term but the long term is still bullish.

CSCO 2/8
Chart 1
Monthly Chart: The steady climb up has been stopped dead in its tracks at monthly #pivot resistance 56.94. Price has broken and closed below the #SMA 20 and the 2 year .....

CSCO 3/8
Read 8 tweets
Analysis: #NASDAQ $GWPH

Case 56 #GWPharmatceuticals PLC ADR

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

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#GWPH 1/6
Since peaking at 196.00 (May 2019) GW has turned bearish it should continue to move lower, breaking supports. The long term is neutral to mildly bullish.

GWPH 2/6
Chart 1
Weekly Chart: Price is underpinned by the #SMA20 and #trendline resistance. Price has closed below the trendline support since March 2016. #Pivot supports at 81.63 and 67.68 should temporarily halt the decline but ....

GWPH 3/6
Read 6 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.

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#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.

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#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
Analysis: #NASDAQ $WDC

Case 52 #WesternDigital Corporation

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

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#WDC 1/5
Western Digital is bearish and heading lower towards $38 and possibly $33.90 to mark a new low for the year. However it is still #bullish in the long term.

WDC 2/5
Chart 1
Monthly Chart: The main #support and #resistance zones marked out. The #SMA50 acting as a resistance as price trades further away. Strong #trendline support at 23.00.

WDC 3/5
Read 5 tweets
Analysis: #NYSE $JNJ

Case 52 #Johnson & Johnson

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

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#JNJ 1/5
After hitting highs in Jan 2018 conditions turned messy with choppy price action in a $30 range.

JNJ 2/5
Chart 1
Monthly Chart: The #SMAs 100 and 50 have supported the up trend since June 2012. The SMA 50 sits below #trendline support at 125.02

JNJ 3/5
Read 5 tweets
Analysis: #NYSE $BABA

Case 52 #Alibaba Group Holdings Ltd

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

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#BABA 1/6
Since peaking in June 2018 Alibaba has been trading in a $60 range. The long term remains bullish while the short term is the neutral.

BABA 2/6
Chart 1
Monthly Chart: Two levels dictate activity: A break/close above 197.62 is required to for further gains above the current all time high of 211.70. ......

BABA 3/6
Read 6 tweets
Analysis: #NYSE $SPY

Case 50 #SPDR S&P 500

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

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#SPY 1/6
It seems as though the up move will never end but a correction is long overdue.

SPY 2/6
Chart 1
Monthly Chart: Currently breaking above #trendline resistance and the immediate target is 315.54 then 338.47 and the first synthetic trendline #resistance stands at 342.91. ....

SPY 3/6
Read 6 tweets
Analysis: #NYSE $SO

Case 49 #SouthernCompany

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

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#SO 1/5
Since breaking out of the range the stock went #parabolic in 2019. The upside trend is very healthy and we expect new all time highs to be recorded in the future. Caution should be applied when selling into the trend.

SO 2/5
Chart 1
Monthly Chart: The explosive move higher highlighted. Clone and synthetic trendlines coupled with #Fibs on the last swing higher to calculate resistance points.

SO 3/6
Read 5 tweets
Analysis: #NYSE $YUM

Case 47 #Yum! Brands Inc.

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

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#YUM 1/6
After peaking at 119.72 price has declined steadily. Yum! Brands is long term #bullish but neutral on the weekly and bearish on the daily chart.

YUM 2/6
Chart 1
Monthly Chart: Price is currently drifting lower towards the #SMA 20 and #trendline support should contain the downside temporarily. The main moving averages are still bullish - the SMA 100 (77.02) and SMA 200 (53.08)

YUM 3/6
Read 6 tweets
Analysis: #NYSE #MCD

Case 45 #McDonalds Corporation

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

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MCD 1/7
McDonald's has been in a spectacular bull run since 2003 but peaked at 221.93 in August 2019 and corrected heavily. The short and medium term trends are bearish but ......

MCD 2/7
..... the long term trend remains strong and we expect price to rise to a new all time high of 245 by the third quarter of 2020.

MCD 3/7
Read 7 tweets
Analysis: #Bitstamp #BTC #BTCUSD

Case 44 #Bitcoin

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

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BTC 1/7
Since it's 2018 peak Bitcoin has lost much of its upside momentum, but the long term trend remains firmly bullish.

BTC 2/7
Chart 1
Monthly Chart: Price is trading above the #SMA 20 and 10. The main #pivot resistances can be viewed, a monthly close above is required to gain upside traction. Firm #trendline support can be seen at approximately 4450.

BTC 3/7
Read 7 tweets
Analysis: #NASDAQ: #AEY

Case 41 #ADDvantage Technologies Group Inc

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

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AEY 1/6
This is an interesting stock for the long term.

After spending many years in the doldrums, a good trend seems to be developing - #trendline resistances have broken.

Volumes are low and conditions can be temporarily volatile. ....

AEY 2/6
.... Going to keep this for the long term and not going to guard with a stop loss

AEY 3/6
Read 6 tweets
Analysis: #NYSE: #XRX

Case 40 #Xerox Corp
DISCLAIMER: The analysis is strictly for educational purposes and should not be construed as an invitation to trade.

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XRX 1/6
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 remains neutral but the long term is slightly bullish.

XRX 2/6
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 3/6
Read 6 tweets
Analysis: #NYSE: #LLY

Case 39 #EliLilly and Company
DISCLAIMER: The analysis is strictly for educational purposes and should not be construed as an invitation to trade.

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LLY 1/5
The June 2000 high at 109.00 was finally overcome in October 2018, peaking at 132.13 in March 2019. Prices have since stalled and are currently trading in a broad range 119.90 - 105.60. .........

LLY 2/5
..... The 25 year #trendline is still intact. We expect prices to correct lower before entering into position.

LLY 3/5
Read 5 tweets
Analysis: #NASDAQ: #AMD

Case 38 #AdvancedMicroDevices Inc

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

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AMD 1/6
The 18 year #trendline was finally broken in Sept. 2018 but trades far below the highs of 2000 (48.50) and 2006 (42.70). The #stock is very volatile and swings wildly - trading AMD is not for everyone and caution should be applied.

AMD 2/6
Chart 1
Monthly Chart: The break of the falling trendline (red) can be seen clearly - it was only cleared in the summer of 2019. Resistance at 38.48/62 is very tough to break and selling pressure will be seen there. ....

AMD 3/6
Read 6 tweets
Analysis: #NYSE: #SHOP

Case 37 #Shopify Inc

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

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SHOP 1/5
After rising steadily for two years Shopify exploded higher in 2019, a slight correction has ensued and upside momentum has stalled. A deeper correction is now anticipated. The long term trend still remains highly bullish.

SHOP 2/5
Chart 1
Monthly Chart: The 2019 #trendline has broken and temporary support was found at the #Fib 0.382. A monthly close below 300.00 will set sights on a deeper correct towards the 254.00 - 245.00 area.

SHOP 3/5
Read 5 tweets
Analysis: #NASDAQ: #FORM

Case 35 #FormFactor Inc.

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

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FORM 1/5
The lows of 2013 are well established and from there we can see base building and a steady rising trend.

FORM 2/5
Chart 1
Monthly Chart: Price is just hovering below #trendline channel resistance. A firm break/close above 28.06 targets 37.15

FORM 3/5
Read 5 tweets
Analysis: #NASDAQ: #CGEN

Case 35 #Compugen

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

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CGEN 1/4
Compugen was unlucky to have made it's debut during the Dotcom bubble, sentiment then was to just sell everything. Following the big fall of 2001, it managed to find it's all time low in 2009 and has since then stablised. Now it presents itself as a buying opportunity.

CGEN 2/4
Chart 1
Monthly Chart: Important break of #trendline resistance has finally been achieved. The #SMA 100 underpins the upside.

CGEN 3/4
Read 4 tweets

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