NASDAQ:ENSG   The Ensign Group, Inc
Strong stock and one on my long term holds. It just kinda makes you go OUCH when you see this.

I was stopped out in one of my accounts on FRIDAY. ENSG took a look dip via a long legged doji . Long legged dojis can definitely find a support level . It is a good thing that it dropped over 10 bux and came back up to where it was, quickly. It may mean smart money did not want to let it go any lower, for now.

You know sometimes MR market just likes to clear the playing fields and take out stops, other times, this can be ominous. You never know what that little troll is up to! )o:

For now it is hanging on the neckline. Time will tell but I have found this kind of drop can show you where price may go. I mean 88ish to 76ish in one day without a gap..makes you scatch your head and wonder what is next )o: I saw the rounding top, I saw the head and shoulders . But I did not sell (was stopped out in one account) and sometimes you just do not know what to do.

No recommendation. Negative volume remains high. There was a prior H&S that did not fall far before the neckline, so maybe I was too confident )o: Or maybe the 2nd H&S should have gotten my attention )o:

Rounding tops can be bearish but not always. They can form a handle that slopes up and is then known as an inverted cup and handle .


The Ensign Group , Inc. provides health care services in the post-acute care continuum and other ancillary businesses. It operates in two segments, Transitional and Skilled Services and Real Estate. The company offers transitional and skilled services, which include short and long-term nursing care services for patients with chronic conditions, prolonged illness, and the elderly; and physical, occupational, and speech therapies and other rehabilitative and healthcare services. It also provides standard services, such as room and board, special nutritional program, social, recreational, entertainment, and other services. In addition, the company offers senior living, as well as mobile diagnostics services; leases real estate properties; and provides other ancillary services consisting of digital x-ray, ultrasound, electrocardiogram, laboratory, sub-acute, and patient transportation services to people in their homes or at long-term care facilities. As of February 2, 2021, it operated 232 healthcare facilities in Arizona, California, Colorado, Idaho, Iowa, Kansas, Nebraska, Nevada, South Carolina, Texas, Utah, Washington, and Wisconsin. The company was founded in 1999 and is based in San Juan Capistrano, California.

It is when you have your back turned and taking everything for granted, feeling all safe and cozy, that you will get stabbed in the back )o:
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