OHI has broken out of an ascending wedge with bearish RSI divergence now retesting support. Look for a break of trend on smaller timeframe for entry, SL above last swing high moving SL to BE when safe to do so.
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On this stock we have a situation of bullish channel. We see on the chart the breakout of the support line and vwap indicator by a big candle with a large volume so we will have a big probability of downtrend.
Omega Healthcare Investors, Inc. engages in the provision of financing and capital to the long-term healthcare industry with a particular focus on skilled nursing facilities. Its portfolio consists of long-term leases and mortgage agreements. The company was founded on March 31, 1992 and is headquartered in Hunt Valley, MD.
OHI has been in a selling trend for...
Sold OHI short put 42 DTE, Nov 19, 28 strike
5.72% from underlying price, 15.52% AROI
Assignment yield at strike is 9.57%, so I'd be happy with that.
Price is reacting to a zone where buyers have rallied from before. So I'm just at the Nov 2020 lows on strike.
I think about if I would've just bought OHI last Halloween and held it for 10% cash payout. I'd be...
OHI consolidating nicely in an ascending triangle which has a good chance of resolving higher. The upside target is 18% from the breakout (if indeed it occurs and does not fail). Omega is a real estate investment trust that invests in the long-term healthcare industry. Fundamentally, demand for those facilities is increasing with covid and ageing population in USA.
This a senior care reit company. It is down big from its usual 40-50 range. This could be a good short play if you watch rsi.
Im going to start putting my potential trades/active trades. I will try to update each post with entries and exists right away.
REFERENCE KEY:
Yellow Horizontal Lines = Key Support Intervals (K).
Orange slopes = Key Resistance Intervals based on convergence model.
White Regression trend represents a LOG/Linear slope equal to (((0.33X-1)T/V)^2)
Where,
0.33 = Series Conv {((Alternating Series Test),
If for all n, an is positive, non-increasing (i.e. 0 < an+1 <= an), and approaching zero,...
OHI JUST HAD A SOLID CORRECTION POST EARNINGS, BUT GIVEN IT'S RETRACEMENT HISTORY AND EXTREMELY POSITIVE FUNDAMENTALS, IT WILL GOT UP 5 TO 6% OVERNIGHT TONIGHT
Looks like there are 2 main probably pathways.
One, a quick 55->133 by mid 2019.
Second, a more prolonged 87->300 in a trade lasting for the next 5 years
Text in the chart.
OHI is exhibiting some predictable proportional growth projections down, with a nice corrective profile shape down.
And the volume story from the recession recovery rally reads like large buyers may step back in where they were previously active before in 2013.
The gamble is whether or not those large buyers show up to the party again, or if...
![OHI: [LT Buy and Hold] OHI](https://s3.tradingview.com/w/Wpu7vIIj_mid.png "[LT Buy and Hold] OHI")
