Netcare has been in its downtrend since May 2023...
It shortly dropped from R16.00 down to R13.68.
And then, the price has been meandering in a downtrend below the 200MA since...
As long as it stays in the Vuvuzela Formation, it will continue to go down.
We need a strong breakout and for the price to close above the resistance of the pattern, before we put...
Shares of PaxMedica (NASDAQ:PXMD) shot up 110% in early trading after the biotech company said that it now expects to file its New Drug Application for PAX-101 in the second half of 2024.
The biotech company said it received constructive feedback at a recent type-B meeting with the FDA that will help it complete the application. It added that most of the work...
Eli Lilly and Company (LLY) has long been one of our best investments a real gem that even withstood and was practically unaffected by the 2022 inflation crisis. For long we have been using the Fibonacci Channel to display LLY's parabolic nature having broken above the 2.0 Fibonacci extension last May.
This time the price reversed much quicker than technically...
HealthCare looks to have just closed the week with a failed breakout.
Getting a weekly close below the impulse breakout green canceled is never a good sign.
Off of Bearish consolidation some Health care stocks may be a good short play.
Using the up-sloping trend line & weekly 200 MA as support.
Using the Weekly 100 MA as resistance . Recapturing the Weekly...
This is usually a market leader! When market leaders trigger bearish patterns, you need to be cautious.
Not an all out short but with bearish consolidation under the neckline it's worth taking a stab.
As long as rejection occurs at the neckline this could see like downside.
This is my personal view that Gland Pharma Ltd ha very potential uptrend for coming future.
I tried to figure it out with the Fib Retracement with Anchored volume profile.
As I have noticed it retraced exactly from -1.618 (905.85).
Target 1.618, which is 3190.45
Let me know if you have different views..
Thanks for viewing.
On the weekly timeframe XLV continues to coil.
On the daily timeframe we may have seen a double top after the rejection at the bottom of the gap (136.50 area).
FWIW these options can move, but they are low volume. On high momentum days trading the same week can be effective. Personally, I prefer to bid for calls on red days and puts on green days with swing...
Eli Lilly and Company is an American pharmaceutical company headquartered in Indianapolis, Indiana, with offices in 18 countries. Its products are sold in approximately 125 countries. The company was founded in 1876 by, and named after, Colonel Eli Lilly, a pharmaceutical chemist and veteran of the American Civil War
Dynavax Technologies Coroporation ( NASDAQ:DVAX ) has broken up descending trend line and trading at $14.35 now
- Return on Equity over 72% on 2022 and over 55% on Quarter I/2023
When DVAX retest the support to confirm breakout and if it's true that a good chance to buy for mid-term
Wait for next move
Analyzing the options chain and the chart patterns of CVS Health Corporation prior to the earnings report this week,
I would consider purchasing the 75usd strike price Calls with
an expiration date of 2023-9-15,
for a premium of approximately $2.55.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Hello. This chart is strictly a Technical Analysis of Teladoc (TDOC).
I think currently we are in a point in TDOC's price action where we've reached a fundamental SUPPORT area if you look back to 2016. This could potentially be opportune BUY ZONE.
TA is all about probability. The probability we go down is always there, just in this scenario i believe the...
Inverse Head and Shoulders has been forming with Clicks since March 2023 as it was being formed.
We've seen the price making higher lows, breakout of its year downtrend, and things are now looking better for the bulls.
Other indicators confirm:
Target 1 will be quite extended and it could be a medium term hold but my first price is to R340.76
🔹Breakout ceiling trend channel in short-term
🔹Breakout resistance at 136, next resistance at 140.
🔹Technically POSITIVE for the medium long term.
🔹DT - Double Top | BEARISH | 🔴
🔹DB - Double Bottom | BULLISH | 🟢
🔹HNS - Head & Shoulder | BEARISH | 🔴
🔹REC - Rectangle | 🔵
🔹iHNS - inverse head & Shoulder | BULLISH | 🟢
Verify it first and believe...
Continued weakness should follow for many health care stocks.
A bearish breakdown has been observed, this sector does typically get strong technical oversold bounces.
I see a daily chart pattern down to sub $126
Accolade, Inc is seeing a move higher this week along with other healthcare stocks. Yesterday price opened and closed above diagonal resistance and is now trading in the gap price range created in late April.
The lower PPO indicator shows the green PPO line above the purple signal line with both lines rising which indicates a short-term bullish trend. Both...
Company: Align Technology Inc.
In today's analysis, we are examining Align Technology Inc. (ALGN) listed on the NASDAQ, a key player in the healthcare sector. The weekly chart shows us a potential bullish reversal in the form of a classic Cup and Handle pattern that has been taking shape over the...
Inv Head and Shoulders has been anticipated for months.
We were just waiting for the right shoulder to form, which it has done.
Next we'll need the price to close above the neckline and it should be a strong trade to buy, hold and profit.
ABOUT THE COMPANY
Life Healthcare Group is a South Africa-based healthcare provider....