Thread by @malteseinvest

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

..... Resistances are formidable but this stock can become erratic. Broken #trendline supports are now #resistances.

VERU 4/6

Chart 2
Weekly Chart: Synthetic trendline resistances are seen at 3.10 & 5.35 coupled with #pivot resistances.

VERU 5/6

Chart 3
Weekly Chart: The #Strategy is printed on the image.

$VERU 6/6