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Analysis: #NYSE $IGC

Case 426 #IndiaGlobalizationCapital Inc.

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

#IGC 1/4
Chart 1
Daily Chart: #Momentum has been building since late Mar. 2020, yesterday's (Aug 12) explosive up move carried forward into today with price attempting to gain a foothold above #Fib. 0786 at 3.24 and Oct. 2018 #pivot at .....

IGC 2/4
..... 4.05. A close above the latter targets 6.74. Further up 2 important balance points (these are far more delicate and reactive than normal pivots) at 8.33 and 11.61.

IGC 3/4
Chart 2
4 Hour Chart: Conditions are very volatile and choppy. The best #support is around 1.95/65 and we do not rule out a move back towards 0.75.

The #Strategy is printed on the image.

Please note that this chart is in log mode for scaling and clarity purposes.

$IGC 4/4
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#NYSE #IndiaGlobalizationCapital #IGC #Momentum #Fib #pivot #support #Strategy

More from @malteseinvest see all

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malteseinvestor
@malteseinvest
Analysis: #NYSE $JWN

Case 430 #Nordstrom Inc.

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

#JWN 1/4
Chart 1
Monthly Chart: Long term #bullish control was lost in Apr. 2019 with the close below the #SMA 200, then in Q1 of 2020 saw price crash lower finding #support at the Fib. 0.886 at 13.30. Block buy orders positioned at 12.47-10.27 and 7.73-6.56 with 1990 .....

JWN 2/4
..... #trendline support at 8.26 and Nov. 1990 #pivot at 4.50. To the upside, strong selling pressure can be seen throughout, beginning at #Fib. 0.786 and synthetic at 21.18/61 then block sales at 25.97-29.34 and above 2018 trendline #resistance at 31.26.

JWN 3/4
Read 4 tweets
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malteseinvestor
@malteseinvest
Analysis: #NASDAQ $MARA

Case 429 #MarathonPatentGroup Inc.

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

#MARA 1/4
Chart 1
Weekly Chart: The strong close/hold above the July 2018 #pivot at 0.85 has seen a tremendous up move stalling at the June 2018 pivot at 4.84. Beneath there lies an unreliable pivot at 3.51 and further below the unfilled .....

NARA 2/4
..... gap at 2.84/19. A close/hold above 5.72 targets 7.60 and the #SMA 200 at 6.91 should not be problematic to overcome.

MARA 3/4
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malteseinvestor
@malteseinvest
Analysis: #NASDAQ $XPEL

Case 428 #XPEL_Inc. - << UPDATE >> to May 27 analysis



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

#XPEL 1/3
Price has risen strongly this week closing above the Nov. 2019 #trendline at 24.57 and synthetic #resistance at 25.68, temporarily stalling below 28.74. A close/hold above the latter, targets the synthetic at .....

XPEL 2/3
..... 31.36. An unfilled gap between 22.51 - 20.86 exists. Partial profits have been taken on the Long at 14.30 and we raise the stop profit to 22.60, targeting 33.30 for the remaining 28% of the position

$XPEL 3/3
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