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@malteseinvest

Analysis: #NASDAQ $EDIT

Case 276 #Editas Medicine Inc.

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

#EDIT 1/4

Chart 1
Weekly Chart: The failure to close above 32.83 has seen price reverse lower, clearing the 2019 lows and running into strong supports 16.14 - 14.36 (#Fibs. 0.886 - 0.942). Price has reclaimed the broken #trendline .....

EDIT 2/4

..... #support but is currently pausing and losing upside #momentum. We wait for a leg lower to enter. A sustained break below 12.20 will eventually target 8.28 and below that, 3.75.

EDIT 3/4

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