$WELL is one to keep an eye on!
* Good earnings in the recent quarters
* Very strong up trend on the monthly time frame
* Very high 3-month relative strength of 14.02 in the REIT - Healthcare Facilities sector
* Recently broke out of its all-time-highs from 2019 indicated by the red line at $84.63
* Retested previous all-time-highs as support for the past three weeks
* Volume Profile showing tonnes of volume coming in between $81.22 and $87.55 and the PoC (Point of Control) being just around the ATHs from 2019
* Also printed a Pocket Pivot signal today with high volume
Notes:
* If this does pull back, I would expect the $84.63 area to hold as support as it was the previous all-time-high and also it's the PoC for the volume profile.
* Very strong up trend on the monthly time frame
* Very high 3-month relative strength of 14.02 in the REIT - Healthcare Facilities sector
* Recently broke out of its all-time-highs from 2019 indicated by the red line at $84.63
* Retested previous all-time-highs as support for the past three weeks
* Volume Profile showing tonnes of volume coming in between $81.22 and $87.55 and the PoC (Point of Control) being just around the ATHs from 2019
* Also printed a Pocket Pivot signal today with high volume
Notes:
* If this does pull back, I would expect the $84.63 area to hold as support as it was the previous all-time-high and also it's the PoC for the volume profile.
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