My Watchlist: EHCEHC: I have a green setup signal(dot Indictor). It has an excellent risk-to-reward ratio(RR:). I'm looking to enter long near the close of the day if the stock can manage to CLOSE above the last candle highs(white line). If triggered, I will then place a stop-loss below(SL) and a price target above it(TP1-50%,move SL to breakeven)(TP2-50%).
HSOA trade ideas
Channel and a Buy SetupVery nice channel up that is also a Buy Setup. Stronger than the market.
Since the channel is tight, I could either take profit at 2R as shown, or if it reaches the top of channel early, sell then.
Selling early isn't a bad idea as this would be difficult to move to break even. Earnings is 13 days away so I want to be out by then.
ENCOMPASS HEALTH CORPORATION Chart
Hello traders, ENCOMPASS HEALTH CORPORATION is in a bullish configuration with a hammer candle and high traded buy volume. By zooming in on the TIMEFRAME M1 we see a tombstone with a large purchase volume, it has bounced on the high range to re-test it. And moving towards the higher of the bollinger it is very plausible to breakout the price at the same time the range. To interfere in the second range and make a new high point with the momentum, she goes to the top of the range to test it. And go towards the top of the assendant triangle to test it + symbolic number of 89.00.
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