Thread by @malteseinvest

Analysis: #NASDAQ $AUPH

Case 377 #Aurinia Pharmaceuticals Inc.

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

#AUPH 1/4

Chart 1
Weekly Chart: As expected the 2019 #parabolic move saw a correction taking price between the #Fib. 0.50 and 0.681, stalling at the #SMA 50 - however, the reaction has been disappointing as it failed to gain a foothold above #pivot .....

AUPH 2/4

..... #resistances 17.50 - 18.71. The Nov. 2019 #trendline is under pressure - a close below targets 13.00.

AUPH 3/4

Chart 2
Daily Chart: A #confluence of support: SMA 200 and Fib. 0.382 at 14.20/10 respectively and #momentum is turning negative, we position ourselves at the major #support zone.

The #Strategy is printed on the image.

$AUPH 4/4