NASDAQ:HSIC
We are still waiting for the Breakout on this double pattern in HSIC, head and shoulders of continuation and ascending triangle.
As always alerts will inform us to have the right timing by entering long in the market.
We are currently about four years into the development of this pattern, and a possible breakout could lead to start a new market rally...
Hello everyone!
Today I am here with a stock chart of Henry Schein where I managed to find some good sign that this will head to resistance area of 68.5$ to $69.26, a long trade.
Have a good day!
#365
Feel free to contact me :)
Any tips are very appreciated!
Bitcoin address 1Nei3oJrTMNHvsffLRJGKBSGPEadeKLeia
Ripple tag 104830044 and adress...
NASDAQ:HSIC
Analyze it as an Ascending Triangle or as a Head and Shoulders of Continuation...what we focus on is simply the level of resistance, in which either the price breaks or bounces, and depending on what happens we operate or wait.
At the end in this case if we define it as Ascending Triangle the reading of the pattern has highs of equal level and higher...
Looks like a coorection is coming for HSIC (Henry Schein). It's a stock with a price footprint I like, so I will devote a small amount for some Long Puts (30-60 days long) and see what happens. Always a percentage of the position put aside for hedging. Good luck!
This if it is a Double Top (M) of big proportions from a weekly view, look the magnitude of the bullish trend line
The Double Top (Confirmed)
The main Bull Trend line was broken in 2017-09-18 (Confirmed)
and some weeks after, the price did a bearish gap, visible from the weekly chart, that could not be filled, look (Red Circle)
Needless say,
Wait for a support...
Henry Schein stock has become quite bearish after breaking a long 8 year trend support line in October 2016. The stock then tested this same trend line which became resistance and was rejected twice resulting in a 5-6 month sell off for ~30%. The mid Nov. 2017 low seems to be a long term floor for the stock and the price has had healthy gains since then. The MACD...
I have a signal in my trend based strategy for this stock to move to the upside also a strong support level. I will update this idea when something new comes up.
HSIC Henry Schein
A. Volume surge on breakout, double the average.
B. Highest price for the last 10 years
C. Mansfield RS in positive zone
D. 30 MA below price
E. Target Price $160
Therefore, buy in-the-money options July 2015 expiry date. Target price $160 or beyond, exercise if reached or let the options expire.
Henry Schein, Inc. engages in the provision of health care products and services to medical, dental, and veterinary office-based practitioners. It operates through the Healthcare Distribution, and Technology and Value-Added Services segments. The Healthcare Distribution segment includes consumable products, small equipment, laboratory products, large equipment, equipment repair services, branded and generic pharmaceuticals, vaccines, surgical products, diagnostic tests, infection-control products and vitamins. The Technology & Value-Added Services segment offers financial services on a non-recourse basis, e-services practice, technology, network and hardware services. The company was founded by Henry Schein and Esther Schein in 1932 and is headquartered in Melville, NY.
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HSIC
![HSIC: [HSIC] Phase 3](https://s3.tradingview.com/n/Nk5UVQ8J_mid.png "[HSIC] Phase 3")
