Thread by @malteseinvest

Analysis: #NASDAQ $PRVB

Case 337 #Provention Bio Inc.

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

#PRVB 1/4

Chart 1
Weekly Chart: Trendline resistance at 15.77 is currently under attack but a close above pivot #resistance at 16.84 is required to turn #bullish and target channel top, currently at 25.59 - a close above targets 31.07 and eventually the .....

PRVB 2/4

..... long term object 39.62. Support begins at the recent #pivot break of 14.38 then 10.35 - 9.66 area (pivot and #Fib. 0.618).

PRVB 3/4

Chart 2
Daily Chart: The broken #trendline resistance at 15.77 is currently acting as #support but pivot 16.84 continues to stand firm.

The #Strategy is printed on the image.

$PRVB 4/4