Thread by @malteseinvest

Analysis: #NASDAQ $FIZZ

Case 386 #National_Beverage_Corp.

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

#WM 1/4

Chart 1
Monthly Chart: The declines from Sept. 2018 found good #support at the Fib. 0.786 and 2015 #pivot at 40.98 - 37.40 respectively and good base building has developed - taking out 2019 pivot, reclaiming the SMA 50 at 58.78 and .....

WM 2/4

..... closing above 62.81 pivot. Immediate resistance is seen at SMA 50 and #Fib. 0.50 73.03/23 then 78.15 to target firm #resistance at 88.36 - 102.99.

WM 3/4

Chart 2
Daily Chart: Good support seen at the Fib. 0.618 and #SMA 50 at 59.90/70 with #trendline support and pivot above, at 63.30 - 62.81 respectively.

The #Strategy is printed on the image.

$FIZZ 4/4