The technical figure Channel Up can be found in the daily chart in the German company Fresenius SE & Co. KGaA (FRE.de). Fresenius SE & Co. KGaA is a European multinational healthcare company. It provides products and services for dialysis in hospitals and inpatient and outpatient medical care. It is involved in hospital management and in engineering and services...
I want to thank Vara and Ericrock on the Atlas Trading server for calling this one to my attention. For the same reason that I loved the shape of $ZI and $LMND I see a similar pattern of a poor IPO response that has (possibly) bottomed out. Potential upcoming catalysts could be in response to CA Prop 23 which would add additional regulations to dialysis clinics if passed.
Technicals analysis WEEKLY
Davita broke a downtrend channel, and is now in a consolidation above the 200SMA. (Bull)
50SMA is now crossing above the 200SMA. (Bull)
OBV and RSI show divergence, as they have moved in oposite directions since early August. (Short). However... on a daily chart , we see a decent uptrend since early June.
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