Okay Q2 earnings but way overbought. Bearish Divergence showing on the 1 hour both short and long term. I think we get a pullback to long-term resistance around 2.10-2.20.
RSI and MACD shows a bullish divergence on the 2H chart. Price is also close to testing a long term support line. Strong case for nice bounce and break of the short term down trend.
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...
