Thread by @malteseinvest

Analysis: #NASDAQ $IMMU

Case 365 #Immunomedics Inc.

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

#IMMU 1/5

Chart 1
Monthly Chart: The huge up move seen in Apr. 2020 saw price close above both the 20 year range top at 29.13 and Mar. 2020 trendline #resistance. A close above the 2013 #trendline is still in .....

IMMU 2/5

..... process and a new all time high has just been recorded. The immediate target is 43.73 with the main objective at 53.84 and the long term synthetic resistance sloping at 63.75.

IMMU 3/5

Chart 2
Daily Chart: Apr. 2020 has registered 2 unfilled gaps and a third one this month. The $SMA 50 is supporting the current up move with trendline #support around 33.48. These lofty levels are tricky, we shall attempt small longs on moves lower down.

$IMMU 4/5

The #Strategy is printed on the image

$IMMU 5/5

Please note the following typos:

- IMMU 2/5: "... and Mar. 2000 trendline #resistance ..."

- Chart 1 & 2: Feb. 2000 pivot = 29.13 & Mar. 2000 trendline.

Apologies!