R_ELEMA

POSSIBLE HEAD-AND-SHOULDERS PATTERN

Short
NYSE:NHI   National Health Investors, Inc.
-POSSIBLE HEAD AND SHOULDERS REJECTION PATTERN WITH A TARGET OF 68$ - RIGHT ON SUPPORT
-REJECTION CANDLE FROM 84$ WITH MULTIPLE PREVIOUS REJECTIONS FROM THE ZONE.
-INCREASING BEAR VOLUME ON RIGHT SHOULDER DOWNTURN - COULD BE UNDERLYING PRICE WEAKNESS?

RANGING INDICATORS:
-RSI SHOWS EARLY SIGNS OF REJECTION OF 49 LEVEL
-STOCHASTIC POSSIBLE CROSSING OF %K OVER %D IN REACTION TO 47 LEVEL

CONCERNS:
-LONG WICKS AT THE BOTTOM OF CANDLES OF 01 & 02 APRIL - BUYING OF A DIP?

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