Thread by @malteseinvest

Analysis: #NASDAQ $OVID

Case 353 #Ovid_Therapeutics Inc.

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

#OVID 1/4

Chart 1
Weekly Chart: Price has risen off the lows, closing strongly above the 2017 #trendline resistance and the 2 year range at 6.16. The gap is still unfilled but #momentum is strong and conditions are #bullish - the immediate target .....

OVID 2/4

..... is 11.00/45. Strong cluster #resistance is seen at 12.15-15.00 - we assume failure at the first attempt but envisage an eventual target of 19.70 further out.

OVID 3/4

Chart 2
Daily Chart: Strong support begins at 6.16-5.68, then 4.93 - 3.96 (#Fib 0.236 & broken 2017 trendline).

The #Strategy is printed on the image.

$OVID 4/4