Areas in the red circles are very similar positions, a position where price is in the act of falling.
This falling will continue until the thicker white line is hit which is at about $50
Trend line analysis
AMED pulls back to retest support. If this level fails we'll have continued Bearish movement. If price respects this level as valid support there is a chance of a inverse head and shoulders patterns being printed after a rejection.
Pocket pivot today when price hit 166.01 which is very close to the prior 2 bottoms making this a triple bottom. I am not sure this is out of the woods yet and it's sector, healthcare, would also need to come in to favor for this to move.
The point of posting this was to show the gap down closing candle that AMED incurred which is a bad candle to gap down on. ...
AMED missed earnings. Barely beat EPS and missed on revenue.
AMED has broken to the downside from a symmetrical triangle. I watch for the 5th touch in a triangle or a rectangle as in reality you need 5 touches for the pattern to be formed. 3 touches to one trendline and 2 to the other, but a security can remain in these patterns for more touches of the...
Hi traders,
another portion of the analysis is coming up! Today´s winner is AMED. The only problem, you might have, is the Trading range that "holds" the price.
However, we are in a very nice rising channel and INSIDERS increased their positions . So in spite of being stuck in some range, I think we have a big chance to go up!
Will you join?
Good...
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An intraday high potential, Back Tested Sort Analysis.
We ll try to enter into the correction of the uptrend movement.
DETAILS ON THE CHART
NOTE: Entry range area above the entry point, is calculated upon 80% of the recorded pullback back tested past performances
DISCLAIMER: This is a technical analysis study, not an advice or recommendation to invest money on.
Fundamentals :
Amedisys provides home health, and hospice and personal care services. The market Amedisys serves is expected to grow in the future. The company's earnings growth has averaged 46.3% over the past three years, while the industry has seen its bottom line increase at a far lesser rate of 3.2%. With the macro environment proving favorable for Amedisys,...
