Things are looking UP for $WELL:TSX$WELL:TSX
It looks like WELL has possibly finished the current - local - downtrend that it had been going through which saw it come from a high of $8.86 to a wick as low as $7.12.
There are a few key points of resistance (dashed - red) that it will need to break through on its way back up to its main uptrend line (purple) with the heaviest being in the $7.73-7.76 area on the chart.
This could be played as one longterm trade with a single entry and exit, or broken up into multiple smaller trades to play the local action in-between resistance and support along the way. Let’s see how things go after we get past the first key area of resistance at $7.53.
* This Content is for informational purposes only, you should not construe any such information or other material as investment, financial, or other advice.
Wellhealthtechnologies
WELL Health Technologies: Strong buy below the MA200.WELL (WELL Health Technologies Corp) is one of the hottest stocks of July as it has grown so far by 77% on a monthly basis making a jump of +175% since the beginning of June. Currently this is no time to enter this frenzy as past price action has shown that after a +170% rise and overbought levels on the 1D chart, consolidation follows and then a test of the 4H MA200. Our suggestion for this asset is a strong buy once it approaches the MA200.
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