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Analysis: #NASDAQ $MOMO

Case 312 #Momo Inc ADR

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

#MOMO 1/4
Chart 1
Weekly Chart: Long term bullishness has taken a big hit as 2020 has witnessed the loss of control: the close beneath long term trendline #support (now turned #resistance) and 2018 #pivot. Price needs to hold above 15.68 to prevent .....

MOMO 2/4
..... downward probes to the #Fib. 0.886 at 12.14. To the upside resistances at Fib. 0.618 at 24.87 then the #confluence of broken #trendline, Fib. 0.50, #SMA 50 at 30.48/86/02 respectively.

MOMO 3/4
Chart 2
Daily Chart: The daily SMA 200 currently at 30.07 in line with confluence resistance.

The #Strategy is printed on the image.

$MOMO 4/4
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Related hashtags

#NASDAQ #MOMO #support #resistance #pivot #Fib #confluence #trendline #SMA #Strategy

More from @malteseinvest see all

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malteseinvestor
@malteseinvest
Analysis: #NYSE $SIG

Case 317 #Signet_Jewelers Limited

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

#SIG 1/4
Chart 1
Weekly Chart: Long term bearishness is seen since the close below the #SMA 200 in 2016 which currently stands at 43.33 but below that we note #pivot resistance at 37.43 and #trendline resistance at .....

SIG 2/4
..... 21.53. A short term positive outcome is the reclamation of long term trendline #support.

SIG 3/4
Read 4 tweets
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malteseinvestor
@malteseinvest
Analysis: #NASDAQ $VVPR

Case 316 #VivoPower International PLC

On Special Request: mark2017 via Trade2win com

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

#VVPR 1/3
Chart 1
Weekly Chart: Lots of large, brief upward spikes seen - a sign of short term traders taking their profits quickly. A close above 1.81 is the minimum requirement and then a close above 3.32 will be a #bullish sign. Good #support at the all time low of 0.59.

VVPR 2/3
Chart 2
Daily Chart: The spikes are now clearer and price hasn't closed above the #SMA 200 since Nov. 08, 2019 - short term traders continues to dictate matters.

The #Strategy is printed on the image.

$VVPR 3/3
Read 3 tweets
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malteseinvestor
@malteseinvest
Analysis: #NYSE $WORK

Case 315 #Slack Technologies Inc.

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

#WORK 1/4
Chart 1
Strong buying seen off the all time low of 15.10 followed by upside #momentum has seen the blowout of the Oct. 2019 #trendline and cluster top resistances at 33.43 - 34.09 respectively. A 2 week close above #pivot resistance is .....

WORK 2/4
..... required to target first 48.21 then the main objective 53.46. Support is now seen into the broken cluster area and broken trendline #resistance now turned #support and below that the #Fib. 0.50 at 28.55.

WORK 3/4
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