Possible Head and Shoulders x 2
Updated
ENSG has already had a H&S pattern and recovered. Price has not made back up to the old head of this pattern and the high of 94.25.
This pattern is only valid with a clean break of the neckline and a downtrend. Sometimes there will be a retest of the neckline. Sometimes there may be a huge sell day and price will plummet through the neckline. No way to know.
Stop above right shoulder or where you see support.
I have owned this stock off and on for years in my IRA. It is a strong stock when healthcare is moving in a bull market and it is not super volatile. I sold most of it recently with some regret.
No recommendation. I will mark as neutral as the neckline has not been broken.
If you look at the candles at the head of this pattern, they are telling you that there is a lot of indecision up there which can be signal if price if at a possible top. There is a gravestone doji, a bearish harami, a doji and a shooting star. Candles can tell you a lot if you listen.
This pattern is only valid with a clean break of the neckline and a downtrend. Sometimes there will be a retest of the neckline. Sometimes there may be a huge sell day and price will plummet through the neckline. No way to know.
Stop above right shoulder or where you see support.
I have owned this stock off and on for years in my IRA. It is a strong stock when healthcare is moving in a bull market and it is not super volatile. I sold most of it recently with some regret.
No recommendation. I will mark as neutral as the neckline has not been broken.
If you look at the candles at the head of this pattern, they are telling you that there is a lot of indecision up there which can be signal if price if at a possible top. There is a gravestone doji, a bearish harami, a doji and a shooting star. Candles can tell you a lot if you listen.
Note
Sometimes it is just time to move on )o:
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.