Profile picture
, 4 tweets, 3 min read
My Authors
Read all threads
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
Chart 2
Daily Chart: Immediate resistance seen at 170.91 and price is holding above 165.83, good #support begins at 161.95/80 and then 157.15. We are cautious about chasing the price at these levels.

The #Strategy is printed on the image.

$GLD 4/4
Missing some Tweet in this thread? You can try to force a refresh.

Keep Current with malteseinvestor

Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

Twitter may remove this content at anytime, convert it as a PDF, save and print for later use!

Try unrolling a thread yourself!

how to unroll video

1) Follow Thread Reader App on Twitter so you can easily mention us!

2) Go to a Twitter thread (series of Tweets by the same owner) and mention us with a keyword "unroll" @threadreaderapp unroll

You can practice here first or read more on our help page!

Related hashtags

#NYSEArca #SPDR #GLD #SMAs #momentum #pivot #resistance #support #Strategy

More from @malteseinvest see all

Profile picture
malteseinvestor
@malteseinvest
Analysis: #NASDAQ $OSTK

Case 360 #Overstock.com Inc.

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

#OSTK 1/4
Chart 1
Monthly Chart: A new all time low was marked in Mar. 2020 but found #support on the 2003 trendline. #Momentum is positive and rising, price is attempting to close above the 2007 #trendline at 31.23 with #pivot resistance .....

OSTK 2/4
..... at 33.52 - a close above targets 46.17-48.65. Further up the major #resistance zone of 68.72 - 71.26 - expecting failure to break above, but #Fib. 0.618 at 56.46 should then contain the downside.

OSTK 3/4
Read 4 tweets
Profile picture
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
Read 4 tweets
Profile picture
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

Embed code for your website

×
Follow Us on Twitter!

Did Thread Reader help you today?

Support us! We are indie developers!

This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3.00/month or $30.00/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!