A very long consolidation of a larger wave 4 still in progress. The final leg y of (wxy) will end in a zigzag pattern that indicates the completion of wave 4.
RHC has been chopping around between 61-70 since april last year. a recent surge of 3 bullish candles now sees price coming up against resistance area at $68. a clear break above should see an easy run up to $70. If it struggles to break 68 area i'd be looking for a return to low 60's. for now i'm keeping an eye on this and watching closely. the big play is to...
Hey guys welcome back, as promised here is the first of three charts I have this weeks. Give me a follow if your liking the charts so far. Thumbs up and comments are also appreciated.
I have broken the chart down into a general reversal situation. Sell off. Accumulation. Breakout. Retest. Continuation of larger trend.
With that being said I believe RHC is...
Ramsay Healthcare is currently in a falling channel . Is it time to buy? After today's capitulation, we are already at the bottom of the channel and also the completion of the Head. Are we seeing a right shoulder forming in the weeks to come?
If we do not fall off the channel, we should bounce and target $68. Otherwise we break support and drops to next support...
-Monster 38 Month H&S (could be quite difficult to find an entry)
-Crossed and responded to 200MA on a weekly scale
-Could be a favourable short or hedge given the general market condition
Will plan for 120 basis points of risk across 2-3 tranches
