RE:RE:RE:Lets consolidate $7.80 - $8.10I can't predict that far ahead. All I can tell you is these Telehealth plays are meant to thrive in a lockdown environment. I am sure the business is viable going forward but the big money is made during the lockdown and Corona environment. For me, I followed Well for 2 years, was always on my watchlist but never bothered investing but I knew what their business model was. Well is a great solid company with great management, only reason it really piqued my attention was because of Li Ka Shing. Then Corona happened and stock broke $2, since I know the company I knew it will thrive. Do I think WELL is worth $8 at the moment based on their revenue, NO. But thats the market you go with what is hot at the moment. And the Telehealth sector is still hot. Well is one of my biggest winner this year. Lol, got carried away, to answer your question Corona is not going away for a while as you can see from all the new lockdowns all over the world. So Well and all other telehealth stocks will thrive. Hope that made sense. In any case, Always have a stop loss because nothing is a 100% in the markets.
As for today, weird trading. Everytime the stock try to break $8.40, it gets hammered down with huge sells. Just need to figure out if there are more sellers than buyers. SP even hit 8.04. If it breaks $8, it will slow down the uptrend, if it breaks through $8.40, we will easily cruise through all time high this week. I will be happy if it close above $8.20 today, just to much sellers still sitting at $8.30 - $8.40 range today. Hope they don't start dumping near End of day to push this under $8. Good luck all.