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ReactReflect
Jan 5, 2023 5:12 PM

sell EVH short Short

Evolent Health, IncNYSE

Description

1. ER disaster & Bounce and roll structure
2. break volume POC
3. MA congestion
4. Lower high and reversal at high. Cannot break 50MA

Also note the negative vol profile

Fundamental peaked. Next year earning negative and decreasing but PE still high, may need to catch up to the downside.
This could be an example of price leading the fundamental, where the fundamental still looks good, e.g. earning/sales/margin all accelerating expansion, and notable funds were still adding. However, a hint is the total fund count has peaked.

Comment

didn't work, stopped out
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