Thread by @malteseinvest

Analysis: #NASDAQ $FIVE

Case 325 #Five_Below Inc.

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

#FIVE 1/4

Chart 1
Weekly Chart: The strong declines seen in Feb. - Mar. 2020 found #support at the Fib. 0.786 and 2017 pivot at 52.92/63 respectively and closed back above the #SMA 200. Immediate #resistance at the #trendline 118.13 and above .....

FIVE 2/4

..... the major resistance zone of 119.64-134.97. The long term objective is 152.55. Support begins at the #pivot and beneath the #Fib. 0.50 at 90.26-87.59 further down major support currently between 63.15-49.07.

FIVE 3/4

Chart 2
Daily Chart: Trendline support seen at 95.29 then the minor support zone of 90.26-79.24.

The #Strategy is printed on the image.

$FIVE 4/4