Stop below 4thleg down.
Healthcare stock that I hold. If I see a bad pattern, I sell part of it.
A cypher pattern has peak 2 higher than peak 1 like a shark but the Bullish Cypher terminates at the .786 on the 4th leg of the crooked M pattern. A Shark terminates at the .886 of the 1.113 of the 1st leg down.
The cypher is measures using fib levels from the 2nd...
On the chart we can see an ascending triangle, which is a bullish pattern. We are expecting that the price will continue going higher towards resistance.
Short at the resistance with the target at the upsloping support line.
The stop loss should be places above the resistance.
I am not sure healthcare is in rotation yet, and I am not sure AI if finished mountain climbing yet.
However this a Shark and is a bullish M pattern which reverses at the bottom of the 4th leg. It did.
Sharks have no rules for where leg 2 (the pull back leg of leg 1) lands. However peak 2 is always higher than peak 1 and it lands at the .886 or the 1.113 of...
Channels switch directions a lot as of late.
A break of the channel like signals a move in that direction.
A channel down is a channel down until it becomes a channels up (o:
No recommendation.
I like this stock but healthcare was traded to the mas a month or 2 ago. Now it pays it's dues I suppose.
EPS (FWD)
4.69
PE (FWD)
18.81
Div Rate (FWD)
$0.23
Yield...
Notes:
* Very strong up trend on the weekly/monthly charts
* Great earnings for the past few years
* Basing for the past 19 months
* Creating a cup and handle
* Trying to break out of the handle
* Strong resistance around the $85.4 area
Technicals:
Ticker: $ENSG
Sector: Healthcare - Medical Care Facilities
Relative Strength vs. Sector: 28.52
Relative Strength...
ENSG has already had a H&S pattern and recovered. Price has not made back up to the old head of this pattern and the high of 94.25.
This pattern is only valid with a clean break of the neckline and a downtrend. Sometimes there will be a retest of the neckline. Sometimes there may be a huge sell day and price will plummet through the neckline. No way to...
This is a healthcare stock I hold.
ENSG has had a rough few months but had a lot of gains earlier so this does happen.
Too get targets for a cup and handle, you can get the cup depth and apply fib levels, then add it to long entry level
No recommendation
ENSG: The Ensign Group, Inc.
2021-10-27 16:09:38
The Ensign Group Reports Third Quarter 2021 Results; Increases 2021 Earnings Guidance and Announces formation of a Captive REIT
Strong stock and one on my long term holds. It just kinda makes you go OUCH when you see this.
I was stopped out in one of my accounts on FRIDAY. ENSG took a look dip via a long legged doji. Long legged dojis can definitely find a support level. It is a good thing that it dropped over 10 bux and came back up to where it was, quickly. It may mean smart money...
This is a small flag..RSI matches price and also shows a flag..
This one has come a long way so far, so possibly some more pulling back..
Large player volume is high as well as relative strength
This one happens to be in my group I tarde a lot but by no means a recommendation..But I am a nurse so I like HC stocks
Earnings 11-4
This is on the weekly timeframe
Targets are based on depth of cup
Cup and handle patterns form as the result of consolidation after an uptrending stock tests its previous highs. At that level, traders who bought the stock near the previous highs are likely to sell, causing a gentle pullback. This pullback is then met with bullish activity, which...
V Bottom. Has not broken prior yearly high. With earnings tomorrow, would be a bit risky, and many do not like healthcare stocks.
Earnings tomorrow and they have missed in the past
As a rule, this is a very non-volatile stock. Financially healthy.
NV high
I own this ..I do not recommend it.
The Ensign Group, Inc. provides health care services in the post-acute...
