alanmasters
Long

Coronavirus Chart Mapped With Support & Resistance Levels

NASDAQ:CODX   CO DIAGNOSTICS INC
Here we have the CO DIAGNOSTICS INC - Cboe BZX ( CODX ) chart, which is the stocks now tracking the coronavirus... This thing is showing massive growth.

We can start by looking at the weekly timeframe ... This is a complex setup for me, TA here is hard.

CODX (W):
When the chart is looking like the one above, it is hard for me to pinpoint what will happen next... Prices can easily continue to grow, just as they can start to drop when the day closes.

And for this reason, we mapped the full chart.

Here we have targets (magenta), support (blue) and trendlines (orange and blue).


Feel free to share your thoughts about the Coronavirus, and this chart, in the comments section below.

Thanks a lot for reading.

Namaste.
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Comments

Ah it now is on your line
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This is dropping every day. Do you see a bull pole pennant pattern in daily chart in bullish trend?
Thanks
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Thanks Master. What are your thoughts on COTI the new entrant on Binance?
Reply
@alanmasters : Look at INVIO PHARMACEUTICALS - INO; LAKELAND INDUSTRIES - LAKE ; and, NOVAVAX, INC (NVAX). All have stakes in Corono testing/solutions, too.
Reply
I’ve been watching this one and am planning to buy but the spike scared me. I’ll wait to see close. I think there is money to be made here. Thanks for this chart!
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forex_esteem JesusGirlJen
@JesusGirlJen, where you can trade this????
Reply
What's the point of this though?
+1 Reply
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