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Analysis: #NASDAQ $NVCR

Case 354 #NovoCure Limited

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

#NVCR 1/4
Chart 1
Weekly Chart: A confirmed double top seen in Jan. 2020 and a subsequent down move has seen trading confined to a 74.97 - 56.12 range - the latter is under pressure, a close below targets the #support zone .....

NVCR 2/4
..... between 44.70 - 42.22. Immediate #resistance at 65.20 (#trendline) then the SMA 20 at 66.80.

NVCR 3/4
Chart 2
Daily Chart: Price had been trading above the #SMA 200 since Jan. 2019, a strong close below in Feb. 2020. The SMA 50 (65.37) is riding the trendline.

The #Strategy is printed on the image.

$NVCR 4/4
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Related hashtags

#NASDAQ #NovoCure #NVCR #support #resistance #trendline #SMA #Strategy

More from @malteseinvest see all

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malteseinvestor
@malteseinvest
Analysis: #NASDAQ $AMGN

Case 359 #Amgen Inc.

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

#AMGN 1/4
Chart 1
Monthly Chart: #Momentum has been positive since 2011, the uptrend is very strong and price has smashed through the Dec. 2019 #pivot, recording a new all time high. Channel #resistance seen sloping at 256.83 - a close .....

AMGN 2/4
..... above will target 276.86 then the main objective 301.51, further out.

AMGN 3/4
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malteseinvestor
@malteseinvest
Analysis: #NYSE $CRMD

Case 358 #CorMedix Inc.

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

#CRMD 1/4
Chart 1
Monthly Chart: An important break below 5 year #trendline support, April 2017, now turned #resistance as price is unable to close back above - currently sloping at 12.10. Further up .....

CRMD 2/4
..... #pivot resistance at 16.50 then the #confluence of #Fib. 0.618 and pivot at 20.31/90 respectively.

CRMD 3/4
Read 4 tweets
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malteseinvestor
@malteseinvest
Analysis: #NYSEArca $GLD

Case 357 #SPDR Gold Shares

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

#GLD 1/4
Chart 1
Monthly Chart: The #SMAs 50 and 20 have been supporting the up move since Dec. 2018 and this was followed by strong #momentum enabling price to close strongly above 2013 #pivot resistance at 134.62 and .....

GLD 2/4
..... then hold above. Firm #resistance is seen at 177.72 - 183.24 - a close above the latter targets 205.45.

GLD 3/4
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