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Analysis: #NASDAQ $PTON

Case 278 #Peloton Interactive Inc.

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

#PTON 1/4
Chart 1
Weekly Chart: The subsequent weekly closes above the #SMA 50 (Mar.2020) and Dec. 2019 #trendline #resistance (Apr. 2020) have given the bulls confidence and a new weekly high of .....

PTON 2/4
..... 45.70 has been recorded - trading slightly below the first objective 45.87, the main objective is 50.67.

PTON 3/4
Chart 2
Daily Chart: Price is taking off but a small unfilled gap has formed.

The #Strategy is printed on the image.

$PTON
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Related hashtags

#NASDAQ #Peloton #PTON #SMA #trendline #resistance #Strategy

More from @malteseinvest see all

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malteseinvestor
@malteseinvest
Analysis: #NYSE $AZN

Case 279 #AstraZeneca PLC

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

#AZN 1/4
Chart 1
Weekly Chart: The declines seen in Feb.- Mar. 2020 were easily absorbed by long term buyers resting on the #SMA 200 in #confluence with #pivot and #Fib. 0.50 (not on image) supports .....

AZN 2/4
..... and since then price has registered a new all time high of 54.71 and the main objective is 65.52.

AZN 3/4
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malteseinvestor
@malteseinvest
Analysis: #NYSE $ABC

Case 277 #AmerisourceBergen Corporation

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

#ABC 1/4
Chart 1
Weekly Chart: Since peaking at an all time high of 120.68 (Apr. 2015) price has been trading in a 4 year range of 106.30 - 68.87. A close above 99.40 is required to tackle .....

ABC 2/4
..... firm #resistance between 106.34 - 108.21 and further up 115.48. Good #support is seen at 71.15 - 60.77 with major support at 52.08 - 47.23.

ABC 3/4
Read 4 tweets
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malteseinvestor
@malteseinvest
Analysis: #NASDAQ $EDIT

Case 276 #Editas Medicine Inc.

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

#EDIT 1/4
Chart 1
Weekly Chart: The failure to close above 32.83 has seen price reverse lower, clearing the 2019 lows and running into strong supports 16.14 - 14.36 (#Fibs. 0.886 - 0.942). Price has reclaimed the broken #trendline .....

EDIT 2/4
..... #support but is currently pausing and losing upside #momentum. We wait for a leg lower to enter. A sustained break below 12.20 will eventually target 8.28 and below that, 3.75.

EDIT 3/4
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