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IHI

Healthcare is still in a bull market - be longAt the start of 2022, healthcare stocks have gotten killed, especially anything that was a winner in the past 1-2 years. A lot of people are getting rather bearish, but they shouldn't be. The fundamentals favor healthcare still in many ways, and momentum is still rather strong. We already got the breakout in healthcare stocks, and we just got the retest, which was enough to scare a lot of people out. Now is a great entry for a long position, coming out of a short consolidation into a potential new bull phase.
AMEX:XLVLong
by GTStockmaster
IHI - Pullback coming mid January-Feb. 2020THIS IS NOT READY YET IMO IHI - Medical Devices ETF Forming an ascending wedge similar to much of the market. Bearish pattern. Pattern runs out of room February 2020. Watch closely Jan. 15 2020 going forward for entry. When Weekly trend turns bearish and gets close to white resistance line for breakdown, this would be entry point. I will update getting closer to mid-January if not sooner. After the correction, it would be good to consider long entry based on past chart (if we don't have market meltdown). Thank you for liking, commenting, throwing up a chart, following, or viewing. I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts. Disclosure - I am long MARA, GBTC, BTCUSD, GDX, and VIXY. Short SPY, AAPL
AMEX:IHIShort
by MoneyPatterns