ENSG has already had a H&S pattern and recovered. Price has not made back up to the old head of this pattern and the high of 94.25.
This pattern is only valid with a clean break of the neckline and a downtrend. Sometimes there will be a retest of the neckline. Sometimes there may be a huge sell day and price will plummet through the neckline. No way to know.
Stop above right shoulder or where you see support.
I have owned this stock off and on for years in my IRA. It is a strong stock when healthcare is moving in a bull market and it is not super volatile. I sold most of it recently with some regret.
No recommendation. I will mark as neutral as the neckline has not been broken.
If you look at the candles at the head of this pattern, they are telling you that there is a lot of indecision up there which can be signal if price if at a possible top. There is a gravestone doji, a bearish harami, a doji and a shooting star. Candles can tell you a lot if you listen.
This pattern is only valid with a clean break of the neckline and a downtrend. Sometimes there will be a retest of the neckline. Sometimes there may be a huge sell day and price will plummet through the neckline. No way to know.
Stop above right shoulder or where you see support.
I have owned this stock off and on for years in my IRA. It is a strong stock when healthcare is moving in a bull market and it is not super volatile. I sold most of it recently with some regret.
No recommendation. I will mark as neutral as the neckline has not been broken.
If you look at the candles at the head of this pattern, they are telling you that there is a lot of indecision up there which can be signal if price if at a possible top. There is a gravestone doji, a bearish harami, a doji and a shooting star. Candles can tell you a lot if you listen.
Comment:
Sometimes it is just time to move on )o: