Trend Reversal (Poss.) - Weekly Interval - EVFM

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