This is usually a market leader! When market leaders trigger bearish patterns, you need to be cautious. Not an all out short but with bearish consolidation under the neckline it's worth taking a stab. As long as rejection occurs at the neckline this could see like downside.
A megaphone structure Price has touched the upper line, and is consolidating within this upper region The strong double bottom that was seen in green oval allows price to form a support above the middle in this upper region. I have shown potential price movement with a double curve.
Same level of oversold last time I traded this in April. Markets oversold looking for a bear market rally in stocks overall.
HCA $HCA High-risk Initial Long. SL and TP on chart. Move SL on TP. At TP2, trail with offset 1.5ATR and 0.5 offset. Backtest: 71% hit rate @ TP1 since 2011.
Using Fib Circles an area can be seen where all plotted circles coalesce upon one point Since then price has recovered back to the main Trend line , which is intact
Given that we are coming out of pandemic now and the pressure on hospitals is going to reduce is it worth picking up hospital operator for a potential 30% upside? Fundamental indicators: Revenue and Profits - demonstrated consistent long-term earnings growth over the past 10 years. However, increasing wages are eating into the profits Profit margin - low...
Looking for an oversold bounce to $225 range. Long 1500 shares $211 average. Will add 250 shares every $2 drop as this could see $190 range. If stocks breaches $200 I will begin buying calls. As I'm not confident the bottom is in, I would prefer to be long common shares for now.
$AXP, $SAM, $HCA, $RF, $HON, $SLB All major averages finished last week in the green to post a third straight week of gains - Dow closing at an ATH - Big name earnings reports continue to drive markets $AXP - American Express - reported Q3 FY21' earnings of $2.27/share - beat estimates by 27.5%, bottom line increased 74.6% YoY - driven by growing revenues &...
HCA is giving us some simple stops and profit taking levels. We're nearing a resistance at ~145, which is followed by another at 147. Giving us a clear line to short with an easy stop to place. Coming down, we have 3 major support levels we have to pass/hit. The POC, 119 and lastly 116. A potential play would be shorting until the POC, exiting and securing...
this is already responding, and might have a nice break out.