On the hour chart the trend started on August 7 (linear regression channel). There is a high probability of profit taking. Possible take profit level is 30.65 But we should not forget about SL = 27.71 Using a trailing stop is also a good idea! Please leave your feedback, your opinion. I am very interested in it. Thank you! Good luck! Regards, WeBelieveInTrading
Breaking out of one month consolidation. Constructive price and volume action and a market leader. You don't need to know what's going to happen next to make money ~Mark Douglas Lose like a pro and keep trading, or lose like a novice and quit ~Mark Ritchie
We all come here to notice that Walgreens is not interested in the Merger with EVH after digging into the company earnings and realizing there's a conflict of interest in proprietary technology. A Merger makes no sense any more spokesman said. "We'd like to notify private investors today to let them know that the deal doesn't seem to fit our model anymore as far...
Like the look of this THC chart. Healthcare has been a "buzz" sector and I think it will really pick up steam after the election. The green horizontal lines indicate 1M/3M areas of resistance, the light blue line weekly level. Trying to do more following of price action on this one rather than attempting to be too predictive. I am long as of now with the intention...
* Trade Criteria * Date First Found- November 28, 2017 Pattern/Why- Fallen angel Entry Target Criteria- Break of $12.67 Exit Target Criteria- $14.83 Stop Loss Criteria- $11.83 Please check back for Trade updates. (Note: Trade update is little delayed here.)
Evolent health (EVH) looks to continue strong bearish trend if price fails to surpass 19.22 a share. Great opportunity to short if you decide to watch this stock when markets open.