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, 7 tweets, 4 min read
Analysis: #NASDAQ: #MRTX

Case 25 #Mirati Therapeutics, Inc

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

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MRTX 1/7
A very strong trend which began in 2017 was followed by a volatile correction enabling the May-June 2019 gap to be filled. Immediate resistance appears at 93.90-94.24 .......

MRTX 2/7
........ then Fib 1.272 @ 101.01 but only a break/close above pivot resistance at 107.07 alleviates downward pressure to target 127.75.

Conditions remain tricky - caution is required.

MRTX 3/7
Chart 1
Weekly Chart: The gap has been filled and found support at the Fib 0.382 @ 70.24 and #SMA 55 @ 69.38. TL #pivot resistance lies ahead of pivot resistance 94.26 - a close above adds to bullishness.

MRTX 4/7
Chart 2
Weekly Chart: #Fibonacci confluence resistances are visible. Fib 1.18 @ 93.90 in line with pivot resistance @ 94.26. Next up is resistance at Fib 1.272 @ 101.01 .....

MRTX 5/7
...... ahead of tough pivot resistance at 107.07 - a close above adds to strong #bullish momentum to target 127.66 - 131.66

MTRX 6/7
Chart 3
Weekly Chart: The #Strategy - printed in the image.

MTRX 7/7
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#NASDAQ #MRTX #Mirati #SMA #pivot #Fibonacci #bullish #Strategy

More from @malteseinvest see all

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malteseinvestor
@malteseinvest
Analysis: #NASDAQ: #MSFT

Case 29 #Microsoft Corporation

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

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MSFT 1/6
Microsoft has been in a strong #uptrend since the break/close above the previous all time high of 59.97 which happened Oct 2016. A monthly close above 144.45 will eventually target 155.40 and 158.25 within 5-7 months.

MSFT 2/6
Chart 1
Monthly Chart: The strong trend supported by #trendline support, TL #pivots and natural pivots. A close above 144.45 targets 158.25

MSFT 3/6
Read 6 tweets
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malteseinvestor
@malteseinvest
Analysis: #NYSE: #TTM

Case 28 #Tata Motors Limited ADR

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

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TTM 1/5
Don't be fooled by today's brief flurry to the upside. A lot of work has to be done before Tata can be considered bullish. Keep on selling it.

TTM 2/5
Chart 1
Monthly Chart: Price hasn't close above the SMA 20 since July 2017 and even a close above doesn't mean much, because there exists a #confluence of Fib and pivot resistance residing higher and broken #trendline support now turned resistance.

TTM 3/5
Read 5 tweets
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malteseinvestor
@malteseinvest
Analysis: #NYSE: #RIG

Case 27 #Transocean Ltd

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

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RIG 1/7
This #stock has little to no prospects and keeps recording new lows as the years go buy. It remains under heavy selling pressure on any attempts higher.

RIG 2/7
Chart 1
Monthly Chart: The #SMA 55 has underpinned this stock since 2008 and a monthly close above has never been seen. Other firm resistances: Pivot, TL pivots and #trendline.

RIG 3/7
Read 7 tweets

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