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Analysis: #NASDAQ $SRNE

Case 373 #Sorrento_Therapeutics Inc.

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

#SRNE 1/4
Chart 1
Weekly Chart: Following the close and retest above 2 year #trendline #resistance the low at 1.39 is now well established. Monthly #pivot resistances lie at 9.95 and 12.92 - the former already used to take profits by .....

SRNE 2/4
..... day traders. A two week close above #Fib. 0.50 at 14.10 will target 16.90-18.30 quickly.

SRNE 3/4
Chart 2
Daily Chart: #Momentum has been building since mid-April. #Support begins at 6.15 (pivot & May 2020 trendline) with #SMA 20 at 6.02 and further down 4.64/35.

The #Strategy is printed on the image.

$SRNE 4/4
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#NASDAQ #Sorrento_Therapeutics #SRNE #trendline #resistance #pivot #Fib #Momentum #Support #SMA #Strategy

More from @malteseinvest see all

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malteseinvestor
@malteseinvest
Analysis: #NYSE $SPCE

Case 374 #Virgin_Galactic_Holdings, Inc.

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

#SPCE 1/4
Chart 1
Daily Chart: Pivots and #Fibonacci levels are almost in perfect synchronisation. #Momentum is flat and the 5 month range dominates, price is currently unable to close above #Fib. 0.618 at 20.69 but ideally a close above the Feb. 11 .....

SPCE 2/4
..... #pivot at 21.94 is required to get things moving. A close above 29.02 will target synthetic #resistance, sloping at 36.83 and above #cluster top 37.35.

SPCE 3/4
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malteseinvestor
@malteseinvest
Analysis: #NASDAQ $UPWK

Case 372 #Upwork Inc.

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

#UPWK 1/4
Chart 1
Weekly Chart: A strong break was seen above Feb. 2019 #trendline resistance followed by a break/hold above the #SMA 50 in May 2020. #Momentum is positive and we expect the #bullish move to continue. A close .....

UPWK 2/4
..... above 18.52 targets the #Fib. 0.786 at 20.79 quickly, future up #resistance at 22.06/78 (#pivot/Fib 0.886) a close above the latter will eventually target 27.66, then 30.48.

UPWK 3/4
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malteseinvestor
@malteseinvest
Analysis: #NASDAQ $FLDM

Case 371 #Fluidigm Corporation

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

#FLDM 1/4
Chart 1
Weekly Chart: A new all time low was recorded in March and price has risen to challenge 2015 #trendline resistance with the #SMA 200 at 6.38. A close above 13.65 targets .....

FLDM 2/4
..... 21.94 quickly. A close above 26.12 will see price challenge major #resistance and #cluster 39.58 - 45.47.

FLDM 3/4
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