DaVita Inc.Long
A Good Swing Trade for DVA
On the weekly chart (below), we see that the price corrected to 61.8% Fibonacchi and tested support. It then continued up and broke through the 200 EMA line.
Moving down to the daily chart, we see a bullish divergence of the MACD histogram, and a break-though of the downward trend-line with high volume.
Our entry trigger will be at break of resistance above $68.90. A good swing trade with a risk : reward ration of 1:3.
Moving down to the daily chart, we see a bullish divergence of the MACD histogram, and a break-though of the downward trend-line with high volume.
Our entry trigger will be at break of resistance above $68.90. A good swing trade with a risk : reward ration of 1:3.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.