After Nuro jumped to $40 a new meta has been born. Will RadNet Inc. do the same? Lets see.
RDNT: RadNet, Inc. 2021-04-19 06:00:00 RadNet’s Artificial Intelligence Subsidiary, DeepHealth, Announces FDA Clearance for its AI Mammography Triage Software
An intraday high potential, Back Tested Sort Analysis. We ll try to enter into the correction of the uptrend movement. DETAILS ON THE CHART NOTE: Entry range area above the entry point, is calculated upon 80% of the recorded pullback back tested past performances DISCLAIMER: This is a technical analysis study, not an advice or recommendation to invest money on.
$RDNT looks like it is still on it's way to test the past breakout of 11.90
$RDNT Weekly: With a possible break of the neck line on a Head & Shoulder's formation, remember, analysis is about watching for the potentials and being ready to react to the variables presented to you in real time so I study, $RDNT heading back to previous Support & Resistance of 11.90 ? September 25 2017 you see resistance at 11.90 and then March 12 2018 you...
Radnet has more than doubled since April of this year. We're currently seeing a bullish flag consolidation pattern which is digesting those gains. Once we break above $11.55, we want to be long with a target of $14.50, a 25% gain.
I will be looking to enter a long position on RDNT following a breakout from the base that's been running for nearly 2 months now. Along with declining volume before the break, this also represents a fresh 52-week high on good volume, setting up perfectly.
May break above the trendline after long consolidation.
If you missed chance yesterday you can enter now as volume is already above the 30 day average, and support has been found at 7.83 on the 15 min chart.
Some free fall action, how this got up so high in the first place... who knows.
When weekly is out of the Keltner Channel and the Chaikin Oscillator tops out, expect a move back down to the weekly 20 EMA.
Vertical stocks are my favorite to short. Looks like momentum is coming to an end for this one. Just take a look at the RSI hovering over 80 for so long and the MACD making its decent.