Double Bottom Earnings THIS AFTERNOON
And we all know how earnings go. MOH could beat earnings and fall, miss earnings and fall, or vice versa.
Oversold on daily rsi..
MOH fell from a bearish rising wedge and is hopefully recovering. I have been watching that wedge for a while waiting on price to fall out..Rising wedges can be a long term pattern, yet a terminal one in the end. There are lots of red candles leading down to the second bottom, so selling may be close to exhausted.
Trading at earnings is risky because market response is just not something anyone can know..not a recommendation
Oversold on daily rsi..
MOH fell from a bearish rising wedge and is hopefully recovering. I have been watching that wedge for a while waiting on price to fall out..Rising wedges can be a long term pattern, yet a terminal one in the end. There are lots of red candles leading down to the second bottom, so selling may be close to exhausted.
Trading at earnings is risky because market response is just not something anyone can know..not a recommendation
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