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Analysis: #NASDAQ $W

Case 376 #Wayfair Inc.

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

#W 1/3
Chart 1
Weekly Chart: The losses seen in Q1 2020 have been absorbed and price went #parabolic, reclaiming the #SMA 200 and closing strongly above 1 year #trendline resistance. Price has also closed above 2015 trendline #resistance - the immediate target is 250.56 - 251.62.

W 2/3
Chart 2
Daily Chart: A gap is still unfilled by $10. A #confluence of support: SMA 20, May 2020 trendline and SMA 50 will soon #support the 188.05 #pivot. Attempting small longs. Conditions are tricky as major support lies far below.

The #Strategy is printed on the image

$W 3/3
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#NASDAQ #Wayfair #W #parabolic #SMA #trendline #resistance #confluence #support #pivot #Strategy

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malteseinvestor
@malteseinvest
Analysis: #NYSE $WPM

Case 380 #Wheaton Precious Metals Corp.

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

#WPM 1/3
Chart 1
Monthly Chart: Price closed strong above 2011 #pivot #resistance at 42.53 and recorded a new all time high of 47.69 and is targeting 2011 #trendline resistance sloping at 57.48. A close above 58.89 targets 83.00 in the long term.

WPM 2/3
Chart 2
Daily Chart: Price is getting toppy at these current lofty levels and #momentum is slowing. The best #supports appear around the 2011 pivot with the #SMA at 42.73 riding on then 37.76/13.

The #Strategy is printed on the image.

$WPM 3/3
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malteseinvestor
@malteseinvest
Analysis: #NASDAQ $RIGL

Case 379 #Rigel_Pharmaceuticals Inc.

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

#RIGL 1/4
Chart 1
Monthly Chart: A new all time low of 1.36 seen in Mar. 2020 and price has bounced up strongly, stalling at the 2009 #pivot 5.23 - a lot of work is needed to remove the #bearishness. The #SMA 200 is .....

RIGL 2/4
..... at 8.21 with strong pivot resistances seen at 9.30 then 12.12 - a close above the latter targets strong #resistance at 18.66/89 quickly.

RIGL 3/4
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malteseinvestor
@malteseinvest
Analysis: #NASDAQ $ALDX

Case 378 #Aldeyra Therapeutics Inc.

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

#ALDX 1/3
Chart 1
Weekly Chart: A good bounce seen from the all time low 1.48 set in Mar. 2020, reclaiming the 2014 and closing above 2018 #trendline resistances. Immediate #resistance is seen at the #pivots 8.08 and 10.15 - a 2 week break above the latter targets 13.80.

ALDX 2/3
Chart 2
Daily Chart: #Momentum is positively building, the #SMA 50 is riding the Mar. 2020 trendline at 4.27. Immediate resistance at 6.27, then top of the partially filled gap and #Fib. 0.382 at 7.30.

The #Strategy is printed on the image.

$ALX 3/3
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