NASDAQ:NH
While the entire market was falling, NANTHEALTH INC stocks have been growing for 7 weeks. It's obvious that this paper is stronger than the market.
Personally, my opinion is that the healthcare sector will grow amid the virus. The food sector, essential goods, cigarettes and alcohol will be on the plus side as well. Maybe even the Cannabis sector will rise again... But the whole tourism sector and everything connected to it: hotels, airlines, railways, sea liners, tourism agencies, etc. - will fall further down.
Next, the automotive industry, insurance companies, construction, restaurants and luxury goods will begin to fall.
Anyway, let's get back to NH:
The big long player is gaining position. Counter-trade movements are very necessary for gaining liquidity. At the last trading session we broke through the historic resistance level of August 2018. If on Monday we consolidate above 2.22, we will go higher, to the zone 2.9.
The correct trade is planned: a short stop under the level, there is a clear zone without any counter orders ahead, it will be very easy to take 3/1, 4/1 or even 10/1.
While the entire market was falling, NANTHEALTH INC stocks have been growing for 7 weeks. It's obvious that this paper is stronger than the market.
Personally, my opinion is that the healthcare sector will grow amid the virus. The food sector, essential goods, cigarettes and alcohol will be on the plus side as well. Maybe even the Cannabis sector will rise again... But the whole tourism sector and everything connected to it: hotels, airlines, railways, sea liners, tourism agencies, etc. - will fall further down.
Next, the automotive industry, insurance companies, construction, restaurants and luxury goods will begin to fall.
Anyway, let's get back to NH:
The big long player is gaining position. Counter-trade movements are very necessary for gaining liquidity. At the last trading session we broke through the historic resistance level of August 2018. If on Monday we consolidate above 2.22, we will go higher, to the zone 2.9.
The correct trade is planned: a short stop under the level, there is a clear zone without any counter orders ahead, it will be very easy to take 3/1, 4/1 or even 10/1.