Thread by @malteseinvest

Analysis: #NYSE $CALX

Case 441 #Calix Inc.

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

#CALX 1/4

Chart 1
Attachment 1
Monthly Chart: The months of April - July (2020) have seen price rise strongly, spiking through Feb. 2012 #trendline resistance and the Apr. 2011 #pivot at 21.86 but failed to record a new all time .....

CALX 2/4

..... high. Synthetic #resistance is noted at 24.28 with a close/hold targeting 29.04/10. A correction is currently underway and the target appears to be 18.00- 16.90, especially on a close below 18.95.

CALX 3/4

Chart 2
Daily Chart: Immediate resistance is the Aug. 2020 trendline at 20.61. May 2020 trendline #support at 20.61 with major support is seen at 14.36- 12.85.

The #Strategy is printed on the image.

$CALX 4/4

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