Thread by @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

Chart 2
Daily Chart: Strong close above channel top and immediate #resistance begins at the #SMA 200 at 16.18.

The #Strategy is printed on the image.

$SIG 4/4