Thread by @malteseinvest

Analysis: #NASDAQ

Case 498 #Microbot Medical Inc.

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

#MBOT 1/4

Chart 1
Attachment 1
Weekly Chart: Holding up well - a break above the Dec. 2019 #trendline is required with a close/hold above balance point at 14.04 targeting Jan. 2019 trendline sloping at 20.93 (some profit taking expected here). A close above would .....

MBOT 2/4

..... target the first synthetic #resistance 32.49 then 41.54. To the downside, support at the Dec. 2018 trendline at 5.75 with the #Fib. 0.786 at 5.23. Farther down 2 control levels at 3.68 and 1.70, with the all time low at 1.38.

MBOT 3/4

Chart 2
Daily Chart: #Momentum is positive and building, however, we do not intend to chase the price and position ourselves slightly lower.

The #Strategy is printed on the image.

4/4