Thread by @malteseinvest

Analysis: #NASDAQ $PRTS

Case 342 #US_Auto_Parts Network, Inc.

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

#PRTS 1/4

Chart 1
Monthly Chart: The #parabolic move seen in Apr. 2020 was strong enough to finally take out the 2007 #trendline. Price has stalled beneath the 2007 #pivot at 9.46 - a close above is #bullish but to prevent a .....

PRTS 2/4

..... false break we'd like to see a close above the #Fib. 0.786 at 10.11. The first target is 15.29 and then the main objective 18.11.

PRTS 3/4

Chart 2
Daily Chart: The #SMA 20 is tagging along the steep May 2020 trendline and is more reliable.

The #Strategy is printed on the image.

$PRTS 4/4