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Analysis: #NYSE $LUV

Case 391 #Southwest_Airlines Co.

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

#LUV 1/4
Chart 1
Monthly Chart: Feb. 2020 closes below the 2014 #trendline and 2015 pivot (46.29) witnessed the loss of control - the downdraft saw price target the #confluence of #support of the 2000 #pivot and 2010 channel top trendline and price .....

LUV 2/4
..... bounced up $20. The Apr. 2020 pivot (31.25) and #Fib. 0.618 (18.23) are under pressure - a close below the latter retargets the May 2020 low.

LUV 3/4
Chart 2
Daily Chart: #Momentum is flat and conditions are neutral, a 2 day close above 38.44 is required to relieve downside pressure.

The #Strategy is printed on the image.

$LUV 4/4
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#NYSE #Southwest_Airlines #LUV #trendline #confluence #support #pivot #Fib #Momentum #Strategy

More from @malteseinvest see all

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malteseinvestor
@malteseinvest
Analysis: #NYSE $IBIO

Case 394 #iBio Inc.

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

#IBIO 1/4
Chart 1
Monthly Chart: It has been exactly 4 years since price closed above the #SMA 50 (currently 2.28), the Mar. 2018 trendline #resistance has been cleared and an attempt .....

IBIO 2/4
..... to close above 4.94 is underway to target 10.30. A close/hold above 16.00 targets 21.30-22.20 quickly.

IBIO 3/4
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malteseinvestor
@malteseinvest
Analysis: #NASDAQ $INTC

Case 393 #Intel Corporation

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

#INTC 1/3
Chart 1
Monthly Chart: A large price decline seen today - immediate #support at the #SMA 50 at 46.57 and below that the 2009 #trendline at 45.13. Watch out for a sustained break below 43.15 which could target 38.00 quickly.

INTC 2/3
Chart 2
Daily Chart: Price has broken down strongly below the SMA 200 and the SMA 20 is about to cross over. A $7 unfilled gap has been created. Strong support is seen at 36.60 31.40.

The #Strategy is printed on the image.

$INTC 3/3
Read 4 tweets
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malteseinvestor
@malteseinvest
Analysis: #NYSE $NAK

Case 392 #Northern_Dynasty_Minerals Ltd.

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

#NAK 1/3
Chart 1
Monthly Chart: Price is attempting to close above the 2012 #trendline #resistance and the immediate target is 3.68 with a close /hold above targeting the 2011 #pivot at 5.36 - a close above targets cluster top and #Fib. 0.382 at 8.21/44 respectively.

NAK 2/3
Chart 2
Daily Chart: Price is resting on the May 2020 channel top with positive #momentum and good #support seen at 1.80/30 then #SMA 200 at 0.73.

The #Strategy is printed on the image.

$NAK 3/3
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