Coronavirus Chart Mapped With Support & Resistance Levels

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.