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Analysis: #NASDAQ $RACE

Case 270 #Ferrari N.V.

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

#RACE 1/3
Chart 1
Weekly Chart: The Feb-Mar 2020 decline has already been partially absorbed and price is currently attempting to close above #trendline and combined #SMA 50 and 20 resistances - a break/close 165.00 is required then a close above 178.00 is #bullish for 194.80.

RACE 2/3
Chart 2
Daily Chart: Immediate #resistance at 161.46 just above the SMA 200 - needs to hold above for strength.

The #Strategy is printed on the image.

$RACE 3/3
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Related hashtags

#NASDAQ #Ferrari #RACE #trendline #SMA #bullish #resistance #Strategy

More from @malteseinvest see all

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malteseinvestor
@malteseinvest
Analysis: #NASDAQ $IONS

Case 274 #Ionis Pharmaceuticals Inc

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

#IONS 1/4
Chart 1
Weekly Chart: The inability to trade above the minimum objective of 96.91, on numerous occasions, has seen price fall back to 2018 #pivot #support just ahead of #Fib 0.618 at 37.34. The long term trend is #bullish with the .....

IONS 2/4
..... monthly SMA 200 currently sits at 26.26 (last traded below Dec.2013). Price is attempting to trade back above the #SMA 50 at 59.98 but it needs to close above 61.23 pivot #resistance otherwise risk a move lower.

IONS 3/4
Read 4 tweets
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malteseinvestor
@malteseinvest
Analysis: #NYSE $RVP

Case 273 #Retractable Technologies Inc.

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

#RVP 1/4
Chart 1
Monthly Chart: Price has been holding above the #SMA 50 since Sept. 2019 and a strong break/close above the SMA 200 at 2.32 was seen in April 2020. A foothold above 5.70 is required to target strong #resistance between .....

RVP 2/4
..... 8.49-9.50 - a close above the latter targets 13.00 and then for new all time high. Immediate #support is at 3.80 just below broken 17 year #trendline #resistance and further down the #cluster base at 2.70.

RVP 3/4
Read 4 tweets
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malteseinvestor
@malteseinvest
Analysis: #NASDAQ $AGRX

Case 272 #Agile_Therapeutics Inc.

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

#AGRX 1/4
Chart 1
Weekly Chart: A good base has developed at the 2018 lows 0.49-0.23. The recent decline seen in Feb-Mar. 2020 found #support on the #trendline but #momentum has been lost and a close above 4.07 is very important for .....

AGRX 2/4
..... strength, otherwise price will drift lower towards the #pivot support at 2.10 and #SMA 50 at 1.94. A close above 5.70 will target 8.20.

AGRX 3/4
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