Thread by @malteseinvest

Analysis: #NASDAQ $DIOD

Case 166 #Diodes Incorporated

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

Thread 👇👇👇

#DIOD 1/4

Chart 1
Weekly Chart: Since peaking at an all time high of 59.70, price has closed strongly below the Sept. 2019 #trendline at 51.58 and below the #SMA 20. We expect further losses towards #pivot and .....

DIOD 2/4

..... trendline #support 44.25-43.85. The long term trend is #bullish and the main objective remains 65.15 as long as the support at 40.00 does not yield.

DIOD 3/4

Chart 2
Daily Chart: The #Strategy is printed on the image.

$DIOD 4/4