Well - Buy at 2 and below and sell at 4My idea for this small CAD company. Give me your thoughts. Mine is buy below 2 sell around 4. look for reversal.
WELL trade ideas
$WELL trading in a range on the daily chart.$WELL trading in a range on the daily chart but leaning towards the lower bound. If the ~ $3.30 support breaks the next leg most likely is ~ $2.75. A few weeks ago we broke through the May 2020 high of $3.75. It's just a waiting game for the market to revalue this company higher. CEO Hamed Shahbazi mentioned current price does not reflect the fair value of their business and that was at $3.70...
Be WELLHello beautiful humans,
A 50% retracement presented itself for WELL at the 4.75 level (entry). Ensure we close above the 4.75 level to provide confirmation.
Managing risk by risking 1% of the account size (eg. account size: $1000; risk of 1%: $10); may need to adjust this depending on commission costs of trading broker.
Placing stop loss / stop limit loss at 4.49 (exit).
Looking for the price to bounce off the 50% retracement level (entry), and head up to the 5.50 level (exit), which provides a risk:reward of approx. 1:3.
Thanks for listening.
Take care.
Friendly Remembering:
Manage your risk
Have a strategy to minimize decision paralysis
Practice patience
Be patient
Enjoy the experience.
Double bottom pattern on WellThis is not financial advice. Please do your own research. Not a recommendation. For educational purposes.
Well shows a double bottom pattern. wait till breakout at 4.8. buy at 4.8, keep stop loss below breakout level and a short term target of 5.25 and then trail stop loss.
WELL Health - Buy Opportunity?Daily MACD crossed the signal.
SP is creeping up.
Bullish divergence on the RSI.
When volume picks up after the holidays, I expect this stock to grow.
WELL Health - Buy Opportunity?MACD just moved into Bullish Territory;
RSI has picked up momentum;
Oscillators are showing a Buy opportunity;
Despite low volume today, this stock is looking good!;
I have included my buy-in and exit strategy in my TFSA account. I do maintain long positions in other accounts.
WELL Health - RSI DivergenceTriple top on the Daily Chart with RSI Divergence.
Support level around $4.50.
WELLH&S on daily TF. OBV support broken but price testing previous support zone. Macd on larger TFs showing mean reversion is most probable outcome.
WELLH&S on the daily TF. OBV support broken, but price currently holding support. MACD on several larger time frames indicating mean reversion is greater probability.
breakoutbreakout after consolidation coming.
Range will come to an end.
looking for inside day bar to jump in
Things are looking UP for $WELL:TSX$WELL:TSX
It looks like WELL has possibly finished the current - local - downtrend that it had been going through which saw it come from a high of $8.86 to a wick as low as $7.12.
There are a few key points of resistance (dashed - red) that it will need to break through on its way back up to its main uptrend line (purple) with the heaviest being in the $7.73-7.76 area on the chart.
This could be played as one longterm trade with a single entry and exit, or broken up into multiple smaller trades to play the local action in-between resistance and support along the way. Let’s see how things go after we get past the first key area of resistance at $7.53.
* This Content is for informational purposes only, you should not construe any such information or other material as investment, financial, or other advice.
WELL Solid breakout with volumeWELL did well! Just had a solid breakout with great volume. If the gap upholds its support, we will be looking at another solid uptrend
Well and DOCU moving in tandem I really like when you see similar stocks start moving in tandem, they become more predictable, less volatile.
Im looking at MACD showing a possible reversal,
hoping for either side way trading for a while, or a reversal to the upside.
In Canada Covid is worse now that it ever was before, and even with Vaccine, I see these companies bringing about solutions for which they are considered usefull.
I am invested in both Well and DocU now.
Cup and Handle ? - Going towards ATHWhat do you guys think - good company - money backed. Let me know
WELL trending to appropriate pricing.Looking at WELL and trying to determine appropriate trading range given large trading upwards today...
