My idea for this small CAD company. Give me your thoughts. Mine is buy below 2 sell around 4. look for reversal.
$WELL trading in a range on the daily chart but leaning towards the lower bound. If the ~ $3.30 support breaks the next leg most likely is ~ $2.75. A few weeks ago we broke through the May 2020 high of $3.75. It's just a waiting game for the market to revalue this company higher. CEO Hamed Shahbazi mentioned current price does not reflect the fair value of their...
Hello beautiful humans, A 50% retracement presented itself for WELL at the 4.75 level (entry). Ensure we close above the 4.75 level to provide confirmation. Managing risk by risking 1% of the account size (eg. account size: $1000; risk of 1%: $10); may need to adjust this depending on commission costs of trading broker. Placing stop loss / stop limit loss at...
This is not financial advice. Please do your own research. Not a recommendation. For educational purposes. Well shows a double bottom pattern. wait till breakout at 4.8. buy at 4.8, keep stop loss below breakout level and a short term target of 5.25 and then trail stop loss.
Daily MACD crossed the signal. SP is creeping up. Bullish divergence on the RSI. When volume picks up after the holidays, I expect this stock to grow.
MACD just moved into Bullish Territory; RSI has picked up momentum; Oscillators are showing a Buy opportunity; Despite low volume today, this stock is looking good!; I have included my buy-in and exit strategy in my TFSA account. I do maintain long positions in other accounts.
Triple top on the Daily Chart with RSI Divergence. Support level around $4.50.
$WELL:TSX It looks like WELL has possibly finished the current - local - downtrend that it had been going through which saw it come from a high of $8.86 to a wick as low as $7.12. There are a few key points of resistance (dashed - red) that it will need to break through on its way back up to its main uptrend line (purple) with the heaviest being in the...
WELL did well! Just had a solid breakout with great volume. If the gap upholds its support, we will be looking at another solid uptrend
I really like when you see similar stocks start moving in tandem, they become more predictable, less volatile. Im looking at MACD showing a possible reversal, hoping for either side way trading for a while, or a reversal to the upside. In Canada Covid is worse now that it ever was before, and even with Vaccine, I see these companies bringing about solutions...
What do you guys think - good company - money backed. Let me know
Looking at WELL and trying to determine appropriate trading range given large trading upwards today...