Thread by @malteseinvest

Analysis: #NASDAQ $COCP

Case 350 #Cocrystal Pharma Inc.

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

#COCP 1/4

Chart 1
Weekly Chart: The short term trend is ##bullish but the long term is very #bearish. Good base building off the all time low 0.39 with #SMA 20 riding the March #trendline. Price has not closed above the monthly SMA 20 since 2016 now at ......

COCP 2/4

..... 1.87. Firm #resistance seen at the #confluence of #pivot and SMA 200 at 4.87/90 respectively.

COCP 3/4

Chart 2
Daily Chart: A 2 day close above pivot resistance 2.88 is required for 3.44/78. The main SMAs offer good support, #momentum is positive but waning - we wait at lower levels to initiate our position.

The #Strategy is printed on the image.

$COCP 4/4