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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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#NYSE #Wheaton #WPM #pivot #resistance #trendline #momentum #supports #SMA #Strategy

More from @malteseinvest see all

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malteseinvestor
@malteseinvest
Analysis: #NYSE $WMT

Case 384 #Walmart Inc - Revisited (from Dec 4, 2019)

Special follower request: @AliTheTrader1

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

#WMT 1/4
Chart 1
Weekly Chart: Following the Dec 2019 analysis price just failed to trigger any buy orders and most levels to the upside have been met. Price is attempting to .....

WMT 2/4
..... close above the Apr. 2020 high but needs to gain a foothold above 137.60 to target 145.11 and then 149.85.

WMT 3/4
Read 4 tweets
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malteseinvestor
@malteseinvest
Analysis: #NASDAQ $ERI

Case 383 #Eldorado_Resorts Inc.

Special follower request: @AliTheTrader1

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

#ERI 1/4
Chart 1
Weekly Chart: The huge breakdown seen in Mar. 2020 saw all gains from 2015 wiped out. Price, eventually, found support on the #Fib. 0.942 and bounced strongly back into the old trading channel. .....

ERI 2/4
..... A #cluster sits above the #SMA 200 and 2018 #pivot at 34.88/55 respectively with slowing #momentum.

ERI 3/4
Read 4 tweets
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malteseinvestor
@malteseinvest
Analysis: #NASDAQ $KHC

Case 382 #The_Kraft_Heinz Company

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

#KHC 1/4
Chart 1
Weekly Chart: The 2015 #trendline contained the downside and price has risen to close/hold above 3 year trendline #resistance with the #SMA 20 and 50 at 29.21/10 supporting further upside. Immediate resistance is 43.57 then .....

KHC 2/4
..... the #Fib 0.50 at 49.70. A close/hold above 64.99 targets 76.46 quickly as the Fib 0.618 at 68.06 will offer weak #resistance.

KHC 3/4
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