Nabriva Therapeutics NBRV important Areas & Patterns!
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Hi traders and investors.
We are in a Descending Triangle since March 2019 with support line at $2. Bulls defended this area all 2019. IMO this level should provide further support, especially as it correspond to The Fibonacci Golden Ratio 61.8%. Resistance level is the green line drawn on the chart which also correspond to 55 EMA in weekly time frame.
But if we broke this supprt level, $1.9 - $2 and weekly candle close below, embrace for impact: we could go directly to $1.3 - $0.7
We are in a Descending Triangle since March 2019 with support line at $2. Bulls defended this area all 2019. IMO this level should provide further support, especially as it correspond to The Fibonacci Golden Ratio 61.8%. Resistance level is the green line drawn on the chart which also correspond to 55 EMA in weekly time frame.
But if we broke this supprt level, $1.9 - $2 and weekly candle close below, embrace for impact: we could go directly to $1.3 - $0.7
Note
***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***Note
Brought at $1.3 - now I'm out at 1.61Let's see how will play, planning to re-enter at 1.5
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