UTHR daily bearish hammer in selling resistance zoneOrder SELL UTHR NASDAQ.NMS Stop 209.45 LMT 209.45 will be automatically canceled at 20230401 01:00:00 EST
UTHR daily bearish hammer in selling resistance zone
UTHR
UTHR daily indecision candle at resistanceOrder SELL UTHR NASDAQ.NMS Stop 211.77 LMT 211.77 will be automatically canceled at 20230401 01:00:00 EST
UTHR daily indecision hammer at resistance can be nice ride into support zone.
UTHR - No ResistanceUTHR has no resistance (shown with dotted green horizontal)
A breakout should ensue and lead to further bullish increases
This is all occurring along a strong up trend line formed by the bulls
Head & Shoulders Top Formation $UTHR$UTHR has built a text book classic Head & Shoulders top. It is resting near its neckline breakdown area $213.75. Consolidation above the neckline breakdown area of $215-$220 has created a bearish looking pennant formation. All in all $UTHR looks sickly, and probably headed for lower prices. If neckline of $213.75 breaks, downside obj =$190.00
UTHR DetrendedUTHR has detrended from its major upward trendline, bearish moves probable. PT~62. Strong regression trend of 0.75.
UTHR, I hate coming up with titles...Don't know much about the company, except that it held pretty nicely even when the whole sector is in a pullback mode today, probably just because it's too oversold. If you wanna swing a bounce, go for it. Any positive sign from the market will probably send UTHR above the 100 MA and break the neckline.
If not, well then there's always that 200 MA.
