Accolade, Inc is seeing a move higher this week along with other healthcare stocks. Yesterday price opened and closed above diagonal resistance and is now trading in the gap price range created in late April. The lower PPO indicator shows the green PPO line above the purple signal line with both lines rising which indicates a short-term bullish trend. Both...
Company: Align Technology Inc. Ticker: ALGN Exchange: NASDAQ Sector: Healthcare Introduction: In today's analysis, we are examining Align Technology Inc. (ALGN) listed on the NASDAQ, a key player in the healthcare sector. The weekly chart shows us a potential bullish reversal in the form of a classic Cup and Handle pattern that has been taking shape over the...
Inv Head and Shoulders has been anticipated for months. We were just waiting for the right shoulder to form, which it has done. Next we'll need the price to close above the neckline and it should be a strong trade to buy, hold and profit. Price >200 RSI>50 Target R23.78 ABOUT THE COMPANY Life Healthcare Group is a South Africa-based healthcare provider....
LABU is gearing up for a massive rally before it dumps. I have seen this chart pattern alot and I am looking forward to see how it plays out. Not investment advice, please do your DD.
Inv Head and Shoulders has formed for LHC. We just need the final right shoulder to form, break up and out of the pattern. Then we will see buying take over, driving the price up. Price >200 RSI>50 Target 1 will be R23.78 ABOUT THE COMPANY Life Healthcare is one of the largest private hospital operators in South Africa, providing acute hospital care across...
I entered a bearish position on ABC at the 2.618/1.272 confluence zone a bit ago and since then it's gone up to the 1.618 of this 3 Drives pattern. I think it will be worth entering one last time as we are on the way to confirming a Bearish Harami at these levels, which would later result in Bearish Divergence on the weekly if it begins to play out.
ABC currently is Bearishly Diverging on the MACD and RSI around the 2.414-2.618 PCZ of a Bearish AB=CD where it has also developed a Bearish 3 Drives Pattern and a Bearish Shark. If we get the action I'm expecting to see from here, it will come down and break through the trend line and then continue down to the 0.886 retrace at $77 in a dramatic way.
Based on Phase 2 data evaluation we could expect a positive outcome. Information sound good so far. THese kind of news often cause a wild rally on the day. Maybe two days. But generally they dont last long. Depends on the news of course. But I would expect a pop on this on monday or tuesday. Maybe interesting for a short trade.
Cigna is showing quite a bit of RSI Bullish Dievegrence as it trades at the 800-Day EMA for the second time; we could eventually see this result in a rally to atleast make a 50%-78.6% retrace.
Inverse Reverse C and H has formed on Life Health. The price did close below the brim level which also happened to be on the 200MA. This is a big test for the company. Once the price breaks below 200MA, there is a high chance of it closing the gap and dropping further. 21>7 Price -200 - Test RSI<50 - lower highs Target R16.23 It is a medium probability trade...
As the S&P 500 and the NASDAQ rally into the green for the year, the Russell 2000 (aka the small cap index) has lagged behind and is barely green at +1.03% YTD for 2023. One of the reasons why this index hasn’t been doing well can be attributed to the index’s 15.18% allocation in the Finance Sector. Failing regional banks such as Silicon Valley Bank ( NASDAQ:SIVB...
Informed Players and speculators at Sub $100 levels are booking gains we wait for additional drwadowns and re accomodation ACCUMULATION of designated Bankers for the next run up OR cycle Vaccine COViD was intense HiV was the sell on News.. we await next Drama and Biden Policy on Healthcare etc.. for now Watch or Chrun at key leves (eyeball the box)
✨ NEW: 3M...UT (3M, 3D) ✨ POSITION TRADE ✨ BLO1 @ 74.34 BLO2 @ 50.99 (Wealth Trade - I may never let this position go) TP1 @ 112.53 (shave 25% from BLO 1) TP2 @ 175.83 (shave 25% from BLO 1) TP3@ 215.82 (shave 25% from BLO 1) 3M Co. is a technology company that creates industrial, safety, and consumer products. They operate under different segments such as...
Intuitive Surgical is in the Medical-Systems/Equip Group, develops an advanced surgical system designed to improve open surgery and minimally invasive surgery. After the earnings gap up, price has been still going up but volume has been drecreasing along with momentum. This bearish divergnece is signaling a needed pause for $NASDAQ:ISRG. Even if breaks above...
Company: Tabula Rasa HealthCare, Inc. Ticker: TRHC Exchange: NASDAQ Sector: Healthcare Introduction: Hello, traders and investors! Today we are analyzing Tabula Rasa HealthCare Inc (TRHC) on the weekly scale chart. We'll specifically be observing a classic price pattern known as a cup and handle, which may serve as a bottom reversal. Cup and Handle Pattern:...
Inspire Medical Systems develops innovative and minimally invasive solutions for patients with obstructive sleep apnea. Ranks #10 in the IBD Group Medical-Products Group with a Relative Strength IBD Rating of 93. This is a what leader looks like. Today is forming a daily shark patter with a pivot buy at $278.10. The follow through would be a breakout above...
Candlestick Healthcare Index rebound from support. reversal coming if can break resistance.
W Formation formed, we then had some high volatility around the price. Luckily, the stop loss would have been below the pattern. The indicators were all showing bullish signs. 7>21>200 RSI>50 Target struck at R21.34 ABOUT THE COMPANY Life Healthcare Group Holdings Limited was founded in 1983 and is headquartered in Johannesburg, South Africa. Life...