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tradepatiently
Jun 20, 2023 12:55 AM

HCA Entry, Volume, Target, Stop Long

HCA Healthcare, Inc.NYSE

Description

Entry: with price above 294.02
Volume: with volume greater than 4.08M
Target: 313.20 area
Stop: Depending on your risk tolerance; Based on an entry of 294.03, 287.64 gets you 3/1 Reward to Risk Ratio.

This swing trade idea is not trade advice and is strictly based on my ideas and technical analysis. No due diligence or fundamental analysis was performed while evaluating this trade idea. Do not take this trade based on my idea, do not follow anyone blindly, do your own analysis and due diligence. I am not a professional trader.

Comment

Got price, but not volume. It might be tough to match the volume from earnings. Also, looking at the weekly chart, the previous high was over 10M shares in a week, last week it hit 8.6M, and this week so far is only at 3.5M - so not enough volume on the weekly either - for me anyway - if you do take the trade, watch it close and keep a tight stop.

Order cancelled

In a 50% pullback now, invalidates this idea.
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