Thread by @malteseinvest

Analysis: #NASDAQ $HOLX

Case 267 #Hologic Inc.

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

#HOLX 1/4

Chart 1
Weekly Chart: A violent reversal was seen since recording the all time high of 55.25 - the constant failure to close above 57.00 caused a loss of momentum and price crashed through multiple #supports wiping out 50% of .....

HOLX 2/4

..... all gains. Long term buyers were positioned at the #Fib 0.618 at 26.86 with the monthly #SMA 200 at 25.61 and price has recovered strongly. Closes above 52.16, 54.32, 57.00 are required to target 65.50

HOLX 3/4

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

$HOLX 4/4