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Analysis: #NASDAQ $LLNW

Case 388 #Limelight Networks, Inc.

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

#LLNW 1/4
Chart 1
Monthly Chart: Mar. 2020 saw price close and hold above 2010 #trendline resistance, this was followed by a strong upward move but failing to take out 2007 pivot #resistance at 8.23. Further up the formidable 12.77 .....

LLNW 2/4
..... #pivot - a close above targets 17.00. To the downside the SMAs 20 and 50 sandwiching the 2015 swinging pivot at 3.77, below that strong 2016 trendline #support at 2.66.

LLNW 3/4
Chart 2
Daily Chart: The #SMA 200 at 5.03 is riding along the 2010 trendline resistance turned support.

The #Strategy is printed on the image.

$LLNW 4/4
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#NASDAQ #Limelight #LLNW #trendline #resistance #pivot #support #SMA #Strategy

More from @malteseinvest see all

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malteseinvestor
@malteseinvest
Analysis: #NYSE $SYK

Case 390 #Stryker Corporation

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

#SYK 1/4
Chart 1
Monthly Chart: The loss of pivot #support at 197.52 saw price spike down quickly targeting the 2012 #trendline and #Fib. 0.50 at 128.56 with failure to close the #SMA 50. The upside reaction has been positive and .....

SYK 2/4
..... immediate resistance lies at the 2019 #pivot then 204.86. A close above trendline #resistance, sloping at 229.06, targets 274.02.

SYK 3/4
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malteseinvestor
@malteseinvest
Analysis: #NASDAQ $OPK

Case 389 #OPKO_Health Inc.

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

#OPK 1/4
Chart 1
Monthly Chart: Support at the 2004 #trendline and #Fib. 0.942 at 1.31 has been building since Oct. 2019. Strong momentum has seen the close above 2017 trendline and the #SMA 50 reclaimed (after 4 years). Price needs to .....

OPK 2/4
..... close above 3 year pivot at 6.14 then break above 2014 #pivot at 7.93. Strong #resistance at 10.94, a close above targets 13.76-16.07.

OPK 3/4
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malteseinvestor
@malteseinvest
Analysis: #NASDAQ $DKNG

Case 387 #DraftKings Inc.

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

#DKNG 1/4
Chart 1
Weekly Chart: The #parabolic move seen in Apr. 2020, as expected, saw a correction down to the #Fib 0.50 (27.70) - a 2 week close below sees price fall down into strong #support 20.50 - 16.80 (Fib. 0.786, #pivot and .....

DKNG 2/4
..... #SMA 50). A close above 42.00 is required to target 54.22 and further above 61.93.

DKNG 3/4
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