Thread by @malteseinvest

Analysis: #NYSE $DKS

Case 313 #DICK_S_Sporting_Goods Inc.

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

#DKS 1/4

Chart 1
Monthly Chart: The strong move down seen in Mar. 2020 was halted at the major #support zone 15.71 - 9.71 comprising of #Fib. 0.786, channel bottom, cluster and Fib. 0.886. The reaction has been very positive with most of the losses now .....

DKS 2/4

..... reclaimed. Immediate #resistance at the #pivot of 41.03 then #trendline at 48.07 and higher up the pivot 49.49.

DKS 3/4

Chart 2
Daily Chart: The last four trading sessions has seen price stalling at the #SMA 200.

The #Strategy is printed on the image.

$DKS 4/4