Thread by @malteseinvest

Analysis: #NASDAQ $ITCI

Case 469 #IntraCellularTherapies Inc.

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

#ITCI 1/5

Chart 1
Weekly Chart: A huge up move was seen today but formidable sellers are still present between 33.94- 42.66, price needs to close/hold above the synthetic sloping at 45.52 which is the minimum requirement. Further up the #Fib. 0.786 at 54.63 and then .....

ITCI 2/5

..... the reactive balance point at 56.02 - which is highly sensitive to up/down closes. A close above the Nov. 2015 #pivot is required to target 71.07.

ITCI 3/5

Chart 2
Daily Chart: Price has zoomed up above Dec. 2019 #trendline #resistance and filled the tiny Jan. 2020 gap. However a large unfilled gap now exists between 27.87- 18.94 and this makes us cautious. We wait to .....

ITCI 4/5

..... initiate positions at lower levels.

The #Strategy is printed on the image.

$ITCI 5/5

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