HCA pressuring to break all-time-high
HCA is consolidating after a large move up.
Buying pressure came in on 25th of June 2021 and set $204 as support. Since then buying volume has decreased but not by a lot. That's why HCA is positioning it self for a breakout.
Looking at the longer time-frames, it's showing a clear up trend and it's also expected to grow its earnings-per-share over the coming year.
Looking at the price-action HCA may come back to retest the $212.50 to $214.30 region before making a move higher.
A break below $212.50 could send the price to retest the support of $200.
Final Thoughts:
* Good long term hold
* Pays dividends
* Buying pressure from June 25th, 2021 set $204 as a solid support pushing the price higher
Two things you can do from here if you want to trade this
* Look for buying opportunities around $212.50 and $214.30
* Wait for a clear break of $217.36
* A break and close below $212.50 may negate the immediate bullish outlook
Buying pressure came in on 25th of June 2021 and set $204 as support. Since then buying volume has decreased but not by a lot. That's why HCA is positioning it self for a breakout.
Looking at the longer time-frames, it's showing a clear up trend and it's also expected to grow its earnings-per-share over the coming year.
Looking at the price-action HCA may come back to retest the $212.50 to $214.30 region before making a move higher.
A break below $212.50 could send the price to retest the support of $200.
Final Thoughts:
* Good long term hold
* Pays dividends
* Buying pressure from June 25th, 2021 set $204 as a solid support pushing the price higher
Two things you can do from here if you want to trade this
* Look for buying opportunities around $212.50 and $214.30
* Wait for a clear break of $217.36
* A break and close below $212.50 may negate the immediate bullish outlook
Comment:
HCA has broken out and confirmed that the price wants to go higher.