Life Health Care group showing strong upside to R21.39 WARNING
W Formation since Sep 2022. It's been moving in a sideways range without any promising direction.
Then in February we had a breakaway gap.
This is where the price jumped from the sideways range into an uptrend.
And most sellers and stop losses were hit.
This showed strong upside to come.
7>21>200
RSI>50
Target R21.39
WARNING
Gaps like to close 70% of the time. And I don't generally like taking any trades where there are prior gaps.
I'd take this trade as a medium probability one.
Then in February we had a breakaway gap.
This is where the price jumped from the sideways range into an uptrend.
And most sellers and stop losses were hit.
This showed strong upside to come.
7>21>200
RSI>50
Target R21.39
WARNING
Gaps like to close 70% of the time. And I don't generally like taking any trades where there are prior gaps.
I'd take this trade as a medium probability one.
✅ Facebook:
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
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