Ventas is looking good, and the older generation continues to require healthcare no matter the prevailing market conditions. This healthcare REIT focuses on senior care, healthcare services, and medical research and laboratory facilities. These are all fairly inelastic demand services, and have very little impact from international trade. This is a great safe...
VTR – finance sector
moving averages support the proposed direction: a moving average 20 is accompanies its up trend and a moving average 50 is below it
resistance level at 65.50
first target would be 69
the volume is good, still, it wouldnt hurt to see more volume coming in.
obv is high.
in my opinion its worth following it above 65.5
if a breakout occurs, at...
A few weeks ago it failed to pass it's resistance and was consolidating between that a new found support. Recently it broke that daily support and retested to continue downwards. I have an upward trendline that it looks to be drawing back towards. Love to hear your opinion of the trade!
Another stock which has a lot of room to go up for rest of 2018. Looks like at least $15 bullish move has already started last couple of weeks. This would be great write covered call options and owning stock or bullish put call credit spread. The chart tells you the whole story, then find best entry and trade.
VTR seems forming a sharp downward neck H&S formation. It has strong moneyflow divergence.
We think it has very good downward potential if it breaks 64.17 area.
* Trade Criteria *
Date First Found- November 15, 2017
Pattern/Why- H&S formation
Entry Target Criteria- Break of $64.17
Exit Target Criteria- $60.57
Stop Loss Criteria- $65.77
Please check back...
On the intraday yesterday, price attempted to break back into the uptrend channel bottom but well rejected.
If that is the case, then the downtrend channel will definitely hold.
Anticipate price to linger or re-test 65-66 again before it plunge. That is the moment to short using a lower time frame.
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