short the stockas we can the evening star pattern at the very top and the bearish divergence there and doji there gives a lot of indecision there Shortby tanuj0
Fortis Healthcare: A zoomed-in ViewI just aired my thoughts based on the daily chart, a little while ago. I asked the question, what next, in that chart. The zoomed-in view in the lower time frame is just an exercise to look at a few scenarios. IF the price takes support at one of the green lines AND manages to clear the magenta resistance lines, it would be a strong clue that an upside range breakout might happen. If you want to play it safe, then by all means, wait for a breakout and close past 200 and then decide what to do. For those wanting to do some live chart watching / learning, pay attention to what price does at the lines displayed in this 15-min chartby techtrail2
Fortis Healthcare: Price Stalls At Resistance, What Next?Price has been stuck in the broad range of 148-200, captured by the green zone. The recent rally off the green support line represents a higher low within the context of the trading range. If price manages to bounce off the intra-day support at 172-178 range, then I would get interested in the stock. The real clincher would however be a strong breakout & close past today's high of 188. That would strengthen the case for an eventual breakout above the trading range high of 200. A successful breakout & retest of the upper end of the range would suggest that the multi-month accumulation is complete. If the stock breaks below 148 (lower end of the range) then it would push the stock into a bearish phase. But, that is not my preferred outcome. by techtrail2