#Analysis: #NASDAQ: #EIDX
Case 7 #EidosTherapeutics Inc (EIDX)
DISCLAIMER: The analysis is strictly for educational purposes and should not be construed as an invitation to place trades.
Please do your own research!.
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1/5
Case 7 #EidosTherapeutics Inc (EIDX)
DISCLAIMER: The analysis is strictly for educational purposes and should not be construed as an invitation to place trades.
Please do your own research!.
Thread 👇👇👇
1/5
This stock is recent (June 2018) and data can easily become corrupted and the chart messy. Since the beginning of the year a strong trend began. #Trendlines have appeared reliable. Unfortunately the Fibs aren't effective but still attract price.
Placing it on the Watch List
2/5
Placing it on the Watch List
2/5
Chart 1
Daily Chart: A young stock but price moves haven't been orderly and the rising/falling trendlines look crisp.
3/5
Daily Chart: A young stock but price moves haven't been orderly and the rising/falling trendlines look crisp.
3/5
Chart 2
Minor trendline support has broken, testing the main supporting trendline. The large bar of the high and subsequent breaks lower have weakened the health of the trendline, especially if price breaks & closes below. Fibs from the low of the trendline have been added.
4/5
Minor trendline support has broken, testing the main supporting trendline. The large bar of the high and subsequent breaks lower have weakened the health of the trendline, especially if price breaks & closes below. Fibs from the low of the trendline have been added.
4/5
Chart 3
More Fibs have been added at the higher low on the trendline. Looking for #confluence support. Possible supports below would probably be targeted suddenly especially if price breaks/closes (for the first time) below the main support to the up move.
More Fibs have been added at the higher low on the trendline. Looking for #confluence support. Possible supports below would probably be targeted suddenly especially if price breaks/closes (for the first time) below the main support to the up move.
