TsiTheisen

HCA Daily Range Play

Corto
NYSE:HCA   HCA Healthcare, Inc.
HCA is giving us some simple stops and profit taking levels. We're nearing a resistance at ~145, which is followed by another at 147. Giving us a clear line to short with an easy stop to place. Coming down, we have 3 major support levels we have to pass/hit. The POC, 119 and lastly 116. A potential play would be shorting until the POC, exiting and securing profits. Watching for a break on the POC, re-enter and set your stop above the POC and ride it to the next support level. Obviously holding and riding through POC will yield greater profit, but comes with a risk of a bounce back to resistance.
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