Thread by @malteseinvest

Analysis: #NYSE $THC

Case 440 #TenetHealthcare Corporation

DISCLAIMER: The analysis is strictly for educational purposes and should not be construed as an invitation to trade.

#THC 1/5

Chart 1
Monthly Chart: Ever since the breakdown of the Jan. 2015 #pivot at 42.28 conditions have been range-bound within $30. Price needs to close/hold above Sept. 2014 #trendline #resistance at 44.63, .....

THC 2/5

..... then take control of the pivot at 52.77 with a close above eventually targeting 70.23/58.

THC 3/5

Chart 2
Daily Chart: An attempt to close below the #Fib. 0.618 at 26.23 and #SMA 200 at 26.12 is underway, a break below targets 25.13- 24.94 with a close below setting sights on 22.95- 21.25 #support zone. Further down .....

THC 4/5

..... Apr. 2020 trendline support at 18.53 will attract. Strong support is noted at 15.01- 13.86.

The #Strategy is printed on the image.

$THC 5/5