OHI in a D profile decline coming into symmetry at a Virgin HVN
Text in the chart.
OHI is exhibiting some predictable proportional growth projections down, with a nice corrective profile shape down.
And the volume story from the recession recovery rally reads like large buyers may step back in where they were previously active before in 2013.
The gamble is whether or not those large buyers show up to the party again, or if they've left the party.
I was personally nursing an OHI trade from higher up, looking for where I am dead wrong.
But when I worked up the entire weekly chart I see how things could play out, from where, why, and what must happen for the trade to succeed.
OHI is exhibiting some predictable proportional growth projections down, with a nice corrective profile shape down.
And the volume story from the recession recovery rally reads like large buyers may step back in where they were previously active before in 2013.
The gamble is whether or not those large buyers show up to the party again, or if they've left the party.
I was personally nursing an OHI trade from higher up, looking for where I am dead wrong.
But when I worked up the entire weekly chart I see how things could play out, from where, why, and what must happen for the trade to succeed.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.