Thread by @malteseinvest

Analysis: #NASDAQ $XSPA

Case 348 #XpresSpa Group Inc.

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

#XSPA 1/4

Chart 1
Daily Chart: Price has risen strongly off the all time low of 0.15 breaking through Dec. 2019 #trendline resistance but failing to close above #pivot resistance at 8.57, further up a close above 11.17 will target .....

XSPA 2/4

..... the one year pivot resistance at 14.13. Major cluster #resistance between 18.02-21.00. To the downside two unfilled gaps exist and above the #SMA 20 at 4.73 acting as a mild #support.

XSPA 3/4

Chart 2
4 Hour Chart: Good support seen off the SMA 200 at 2.20 and below trendline support at 1.89.

The #Strategy is printed on the image.

$XSPA 4/4