ONEM
US Stock In Play: $ONEM (1Life Healthcare Inc)$ONEM instituted a structural bullish trend channel since the early days of November 2020. This trend channel was subsequently violated with an unusual high volume accumulation on 19th January 2021, which immediately gapped higher on the following trading session.
At the current junction, $ONEM reflect signs with confluence of technical price support during the last two days of broad market correction. It is currently sitting on a classical resistance turned support level at $55, trendline support, 20DMA support, along with the first positive Day closing for the week.
The immediate resistance for $ONEM is at $60, which also coincide as a round number psychological resistance level.
$ONEM when is the next dip?$ONEM is a solid company that Google has invested in and also it is a part of Ark Investing ETF ($ARKG) run by Cathie Wood, you can see how this stock has generated a nice uptrend with good dips to jump in, DYODD, not financial advice!
One Medical Breaks out of Cup with a HandleOne Medical presented at the JPM Healthcare Forum, and apparently wowed the attendees.
It's a COVID play.
It's IDB's Stock of the Day coincidentally.
As it broke out of the cup with a handle formation, the Ultimate Indicator flashes a BUY signal, with 8 confirmations.
It's a keeper.
Happy Trading, from CJ -- aka the greatest FURU.
To find out more about The Ultimate Stock Indicator on Tradingview, please check my public profile.
Stocks To Watch This WeekThe Bull Market is strong, but many stocks are extended and sentiment seems to be bullish. This video is my watchlist. Most of these names are at or near all time highs or multi year highs. There are 15 total stocks on this list. I also included 3 stocks with potential short squeeze opportunities. Many of these have IPO'd in the last few years and still have a growth story ahead of them. Know your time frame and risk tolerance, grab a pencil and paper and jot down the names that look interesting to you and then make the trade your own. Good Luck!
ONEM: Potential Runner Forming A Cup and HandleInteresting setup here in ONEM. Creating the handle here with a nice risk reward skew. Could be worth a look
1Life Healtcare BUY POSITION FOR BREAKOUTBUY POSITION FOR BREAKOUT POSSIBLE AT UPTREND AND SHORTER DOWNTREND CROSS
1Life Healthcare $ONEM$ONEM was very close to break the pivot resistance today since going public. The volume is well above the average. RSI broke the down trendline.
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