* Exceptional earnings
* Very strong up trend
* High 3-month relative strength in the Healthcare sector
* Offering a pocket pivot entry with little to no resistance
* Forming a text-book cup and handle pattern with a ~11% deep base
* Base forming for the past ~10 weeks with a tight handle of ~3 weeks
Trade Idea:
* Now's a great time to enter on the pocket pivot signal and it's just before the breakout
* Offering a great risk/reward ratio
* If you're looking for a slight discount you can look for an entry near the $353.94 area
* This would be its second attempt at breaking out.
Notes:
* The general Healthcare sector has been in a very tight consolidation for the past several weeks.
* This seems to be a leader in the sector breaking out before its peers.
Caution:
* This is a pocket pivot signal and though there's little to no overhead resistance, the stock might not breakout immediately.
* A daily close below $353.94 would negate this idea
* Since there is some buffer room in the stop, we may be able to wait for two consecutive days closing below $353.94 before exiting.
* Very strong up trend
* High 3-month relative strength in the Healthcare sector
* Offering a pocket pivot entry with little to no resistance
* Forming a text-book cup and handle pattern with a ~11% deep base
* Base forming for the past ~10 weeks with a tight handle of ~3 weeks
Trade Idea:
* Now's a great time to enter on the pocket pivot signal and it's just before the breakout
* Offering a great risk/reward ratio
* If you're looking for a slight discount you can look for an entry near the $353.94 area
* This would be its second attempt at breaking out.
Notes:
* The general Healthcare sector has been in a very tight consolidation for the past several weeks.
* This seems to be a leader in the sector breaking out before its peers.
Caution:
* This is a pocket pivot signal and though there's little to no overhead resistance, the stock might not breakout immediately.
* A daily close below $353.94 would negate this idea
* Since there is some buffer room in the stop, we may be able to wait for two consecutive days closing below $353.94 before exiting.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.