$WELL trading in a range on the daily chart but leaning towards the lower bound. If the ~ $3.30 support breaks the next leg most likely is ~ $2.75. A few weeks ago we broke through the May 2020 high of $3.75. It's just a waiting game for the market to revalue this company higher. CEO Hamed Shahbazi mentioned current price does not reflect the fair value of their...
Hello beautiful humans,
A 50% retracement presented itself for WELL at the 4.75 level (entry). Ensure we close above the 4.75 level to provide confirmation.
Managing risk by risking 1% of the account size (eg. account size: $1000; risk of 1%: $10); may need to adjust this depending on commission costs of trading broker.
Placing stop loss / stop limit loss at...
This is not financial advice. Please do your own research. Not a recommendation. For educational purposes.
Well shows a double bottom pattern. wait till breakout at 4.8. buy at 4.8, keep stop loss below breakout level and a short term target of 5.25 and then trail stop loss.
MACD just moved into Bullish Territory;
RSI has picked up momentum;
Oscillators are showing a Buy opportunity;
Despite low volume today, this stock is looking good!;
I have included my buy-in and exit strategy in my TFSA account. I do maintain long positions in other accounts.
H&S on the daily TF. OBV support broken, but price currently holding support. MACD on several larger time frames indicating mean reversion is greater probability.
$WELL:TSX
It looks like WELL has possibly finished the current - local - downtrend that it had been going through which saw it come from a high of $8.86 to a wick as low as $7.12.
There are a few key points of resistance (dashed - red) that it will need to break through on its way back up to its main uptrend line (purple) with the heaviest being in the...
I really like when you see similar stocks start moving in tandem, they become more predictable, less volatile.
Im looking at MACD showing a possible reversal,
hoping for either side way trading for a while, or a reversal to the upside.
In Canada Covid is worse now that it ever was before, and even with Vaccine, I see these companies bringing about solutions...
