Trend Reversal (Poss.) - Weekly Interval - EVFM

257
Hello Successful Traders,

The stock (EVFM) manifested a strong positive (bullish) sentiment for the beginning period of May. Considering the heightened volume spike, quarterly earnings exceed expectations (Y/Y), technical trend lines presenting strong consolidation (for greater strength in upward penetration), and as well as numerous other implications (BB, Overall-Trend, etc.)

Resistance Level 2 - (16.95 - 17.75) 80 cent interval

Resistance Level 1 - (8.25 - 9.00) 75 cent interval

Key Price Zone (KPZ) - (3.50 - 4.25) 75 cent interval

Support Level 1 - (1.50 - 2.25) 75 cent interval

Furthermore, there could be a false penetration upward (as numerous fundamental analytics manifest worrisome growth for the bio-pharmaceutical's overall performance)

Not Investment Advice. For Educational and Analytical Purposes Only. (Be Diligent and Stick To Your Trading Plan)***

-LionGate

כתב ויתור

המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.