Yamit2000

HCSG - Two scenarios

Short
NASDAQ:HCSG   Healthcare Services Group, Inc.
HCSG - Belongs to the services industry.
The company Is under investigation for breach of the fiduciary duties of parties in the company to the company and its shareholders. In fact, investigators are examining whether health board members board of directors have made false and misleading statements for more than a decade, misrepresenting the company's financial condition.
Reference points:
o It is trading below the 200 moving average, crossed the 50 moving average towards the 20 moving average.
o RSI oscillator does not indicate over-sales
o Bollinger strips support the proposed direction and so is MACD indicator
o Trading cycles are not high at the moment, so this should be taken into account.
o Short Float 23.84%

First scenario: under 24.5, the possibility of entering further declines.
preferably with the market’s support. in addition, level 24 seems to be a challenge for it.
Second scenario: Over 26 we will consider a long play into the void.
All of the above, of course, at your own discretion, your trading rules and your preferred trading strategies.
This is not a recommendation to buy / sell.
Goodluck..

,The quieter you become
the more you can hear
(Ram Dass)
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