Henry Schein wants to shine again!

14 de jan. de 2018

Henry Schein stock has become quite bearish after breaking a long 8 year trend support line in October 2016. The stock then tested this same trend line which became resistance and was rejected twice resulting in a 5-6 month sell off for ~30%. The mid Nov. 2017 low seems to be a long term floor for the stock and the price has had healthy gains since then. The MACD and RSI also support this. I am looking for the stock price to break the top of the flat top Kumo on the 4H chart which will be very bullish. If rejected, i'd expect the price to test the other end of the cloud in the short term.