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variousCryptos
Nov 12, 2021 4:10 PM

HCA  Short

HCA Healthcare, Inc.NYSE

Description

Please excuse the sloppiness of my chart. Doing this off my phone so not the ideal situation. An interesting chart. HCA, the largest for-profit hospital system in the US. You can see since COVID-19 the price has shot up over 300%. Currently looks to be consolidating and breaking this rather steep uptrend. Hasn't quite reached the 1.618 fib but very close. RSI also losing strength. I can see it pushing higher to 290 or $300 but wouldn't expect much past that. Possibly heading towards a very nasty correction. Overall, if it does break down I could see over a 50% decrease back down near the $130 range. Some interesting news as well with I believe the VP having sold a large amount of stock recently...
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