Should it be ready for next rally? – Crypto News – Crypto News
Connect with us
Could Synopsys (SNPS stock) fall towards the 295 level? Could Synopsys (SNPS stock) fall towards the 295 level?

others

Should it be ready for next rally? – Crypto News

Published

2 years ago

on

HCA Healthcare, Inc., (HCA) provides health care services company in the United States, The company operates general & acute care hospitals that offer medical & surgical services, including inpatient care, intensive care, cardiac care, diagnostic & emergency services & outpatient services. It is based in Nashville, Tennessee, comes under Healthcare (XLV) sector & trades as “HCA” ticker on NYSE.

HCA ended the biggest correction at $58.38 low in March-2020 since 2011 low. After that, it made a new ATH at $279.02 as impulse sequence wave I. It proposed ended II correction at $164.47 low. While above there, it is expected to resume higher in III, which confirms above daily high to avoid any double correction in II.

HCA – Elliott Wave latest weekly chart

It placed ((1)) at $118.70 high on 6/08/2020 low & ((2)) at $91.21 low on 6/25/2020. ((2)) was corrected slightly above 0.5 Fibonacci retracement against ((1)). Thereafter, it started third wave extension, which ended at $269.75 high on 1/05/2022. Below there, it favored ending ((4)) at $220.50 low as 0.236 Fibonacci retracement of ((3)). Finally, it ended ((5)) at $279.02 high on 4/21/2022 as wave I in the sequence started from March-2020 low.

HCA – Elliott Wave latest daily chart

HCA

Below $279.02 high, it proposed ended wave II at $164.47 low as zigzag correction. While above there, it either continues higher in III, which confirms when breaks above daily high of I. Alternatively, it can do larger double correction in II, which confirms below $164.47 low. Short term, it placed ((1)) at $219.68 high & ((2)) at $178.32 low. Above there, it expects further upside in ((3)). Currently, it expects a small pullback in wave 4 before final push higher in 5 of (1), followed by a correction in (2). Ideally, it should hold above ((2)) low in wave (2) correction to resume upside later in (3) of ((3)).

Related Topics:
Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Trending