Thread by @malteseinvest

Analysis: #NASDAQ $FRAN

Case 398 #Francesca's Holdings Corporation

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

#FRAN 1/4

Chart 1
Weekly Chart: Price is attempting to gain a foothold above the #SMA 50 (8.20) with immediate #trendline resistance at 10.62, further up #pivot and Fib. resistance 23.88 - 25.31 with a break above the .....

FRAN 2/4

..... latter targeting 39.48/92. Major #resistance is broad stretching 48.72 to #Fib. 0.618 at 63.54.

FRAN 3/4

Chart 2
Daily Chart: An unfilled gap has appeared today with the top currently at 7.02, the #SMA 200 at 7.70. Trendline support off lowest low (Apr.2020) is currently at 3.40 with the SMA 50 offering mild support above, at 4.12.

The #Strategy is printed on the image.

$FRAN 4/4

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