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Channel and a Buy Setup
Encompass Health Corporation
Long
Channel and a Buy Setup
By gooney0
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Jan 26, 2023
0
Jan 26, 2023
Very 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.
Parallel Channel
Trend Analysis
Trend Lines
gooney0
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