WELL Health Technologies Corp T.WELL

Technicals

[HotDiggityDogg]

Anyone can comment on where the next resistance and support lines are ? Just trying to understand the levels to watch and NO I'm not basing my investment on advice from unknown individuals with dodgy names off the internet. This is for discussion purposes only and to get a sense of investor sentiment!

[BudFoxx2020]

I will just keep it very simple.  $5 resistance, $5.20 to break out.  $4.60 support, $4.20 is next support.  The charts are your friends.  Not imaginary price prediction based on future and fantasy  Cheers.

[monty613]

if following technicals / charting was foolproof, we'd all be rich people. the problem is that it's not. past performance does not predict future results. anyone who has invested seriously for any length of time could tell you that. sorry Bud.

[BudFoxx2020]

It is because you do not know how to read a chart my friend.  I am just being honest.  Look at all my calls and compare it with the fundamentals nonsense.  Lol.  Thats all I am going to say.

[BlueGuitar1]

Here's the thing:  TA is important and every bank and every brokerage has a TA department. Use every tool available to you. 

[speedy99]

TA, if you want to use it, ought to be taken in context.  Here, we have had a clear rotation out of growth stocks and into value stocks, and that has been occuring since February, 2021, so close to a year now.  WELL is in the category of a growth stock, and it has also been suggested that it is a "COVID" stock.  That is what is behind the chart.  And anyone who wants

[BudFoxx2020]

Speedy, just look at the charts, stop looking at other things and trying to apply it to the charts.  We are looking at charts not condos.  You are taking it out of context.  It is that simple, WELL was in an uptrend in 2020 and then the trend has reversed and it has been in a strong downtrend since.  THAT'S IT.  Been telling the board to go with the sentiments and

[speedy99]

Bud, as I have said before, I am not in this investment to capture every move up or down with the share price.  I also do not alter my investment plan according to what happens to be occurring on any particular day, week or month.  I am sure that you have the same approach.  You are not going to alter you way of doing things based on the moment.  You follow the chart and that

[BudFoxx2020]

WELL has not moved in all of 2021.  At the tail end of the year it started trending down and making new lows everyday.  That's over 1 year.  How is that a moment.  If you had 1 full year and you still can't figure out a downtrend.  You never will.  I think the problem here is people keep thinking I am just day trading.  Lol.  I was I well for almost

[HotDiggityDogg]

Budd you have been SPOT on. I only wish I listened to you earlier and sold my shares at around September or October. I like the company and could easily buy back in. I did sell half of my position a couple of months ago but still have my other half. Debating everyday if I should sell the rest now or ride it out. 

[BudFoxx2020]

HotDD,  like I always say I don't tell people to buy, sell, hold, average down.  Never.  I am just here to share my experience and opinion.  The only advise I have is always stick with your discipline.  Trust me it will save you a lot of sleepless nights.  Holding on blindly for years is not a discipline, any idiot can do that.  Lol.  Knowing when to

[HotDiggityDogg]

I know what you're saying and I wasn't looking for advice on if I should sell or not. You're also right in that selling is the hardest part.  I'm going to watch the stock and if I don't see any moves up in the next little while I will start selling. I'm hoping to see a bounce but I have been wrong a lot lately. 

[BudFoxx2020]

Keep your head up.  There is really nothing out there.  I have been wrong a lot lately too.  But I am playing with very little.  I just don't like the overall markets and been sitting on cash.  The best feeling ever.  Neutral position.  With the fed hike coming up, it's going to get ugly in the whole markets.  Ofcourse just my opinion.  

[monty613]

anyone can look at a chart and call the top after it's happened. people have to actually know the business they're investing in and have to read the financial statements. you should try it. that's not "blindly" holding. discipline is holding based on fundamentals and knowing that this stock has dropped from ~$7 to sub $5 on absolutely zero bad news, both company

[BudFoxx2020]

WELL dropped from $9 to $4.50 in a year.  Tilray dropped 90% in a year.  It popped one day.  And you should see the hysteria there.  It will trend back down.  Sorry Monty you are the last person that should be giving any advise.  You can't even tell a stock has dropped from $9+ all time high to $4.50.  Minus 50%+ from top.  And you are talking about

[Capharnaum]

I don't get why you reference Tilray here? Other than you looking at charts, there's absolutely nothing in common between Tilray and WELL outside of them both having a downtrend. From what I gather, you are a trader. Most people that trade, even "technical analysts", do worse than the market. Some are successfull and make a ton of money. Good for you if you are in the later

[BudFoxx2020]

What exactly is your point.  You typed all that mumbo jumbo just to prove exactly what I have been saying is correct.  Wait for the stock to bottom out then buy back and ride the uptrend.   That is what I have been saying all this time.  That is why I am here, I am still waiting for the stock to find a bottom, then I will start buying.  Lol.  

[monty613]

if it was that easy, we'd all be rich Bud. lol. good luck with your day trading. it doesn't work over the long term, just my experience investing for 20+ years and working in the institutional investment business. let's hear your analysis on the company and the industry.

[Capharnaum]

My point is that as a value investor (which I won't pretend everyone to be), I think that if the metrics are there to support that a share price is cheap, you don't have to try and time the bottom. Take a starting position when it's cheap, even if it can go lower. If it moves lower but the numbers haven't change, then add to the position. It's not like stocks are only moving

[BudFoxx2020]

Why take a position when the stock is still making new lows every other day.  If I did that, I would have been buying all the way from breaking new 52 weeks low $6.50 and down.  It makes no sense to me.  I would have been sitting on a big loss in a short time for no reason.  As a matter of fact that was where my last position got stopped out.  Do I believe in the company

[BudFoxx2020]

While on the topic of earnings. So we got a way to go till March.  It is also the month when the Fed start hiking interest rate. Lol. WELL Health Technologies has not formally confirmed its next earnings publication date, but the company's estimated earnings date is Thursday, March 17th, 2022 based off prior year's report dates.

[Capharnaum]

Like I said, I don't check on every day. Sometimes, if I'm busy, I may be weeks between checking prices. So, I'm likely to miss "the bottom", even if I was able to identify it. I mostly own convertible debentures of WELL at 5.5% return until 2026, with potential upside if the price ever shoots up or if they get bought for a significant premium ($12+). However, once the

[speedy99]

Bud, alright we are probably both sounding like broken records by now, but I need to try one more time to identify my approach with WELL.  Terribly sorry if you thought I was calling you a day trader;  you are a "trend follower" I guess, and a "technical analyst".  I simply suggest to you that there are different styles of investing/trading, not all of which are

[BudFoxx2020]

Good points speedy.  Cheers.  Agreed we are all sounding like broken records now.  I think my problem is I get very vocal when stocks starts making 52 weeks low.  I only follow very few stock mainly Tilray and WELL and SCR/PENN.  I was in all of them.  When I was pumping everyone loves you as stock makes new highs but as soon as you start telling people to start

[BudFoxx2020]

Posted this last week.  When the targets hit I will adjust accordingly. Cheers.  

[BudFoxx2020]

Ofcourse what do I know.  Posted this last week when WELL rallied to $5.

[HotDiggityDogg]

You win the prize for most accurate analysis of WELL. I was forced out of 2/3 of my position today because of the drop. Has sold some before at 6$.  there seems to be absolutely zero support for this stock which is a shame because it is a great company and has a great CEO. 

[BudFoxx2020]

HotDD, WELL is a great company.  Once the downtrend stops just make sure to hop back along for the ride up.  Cheers.  p.s. HotDD, there is one company that have just hit my radar.  I just started doing my DD on it.  I am not going to post it here and be accused of pumping.  Lol.  Just check my history I just started posting there.  Do your DD and see if

[Mikerich]

BUDFOXX - congrats you can read charts and technicals, it's not rocket science.  But what are you going to be saying in 1-5 years about this stock when it's $10-$15?  Again, I have been saying all along, short term means nothing unless you're a daytrader, which I am not.  This is a long term hold and will be north of $10 at some point.  The sentiment is with value

[BudFoxx2020]

Mikerich.  If this stock was $10-$15 I would be cheering it on.  I rode this stock from $1 to $9.  I just refuse to ride it all the way back down again.  I can buy back right now at this moment.  If this stock starts moving up, trust me the charts will be ticking upwards.  I already have buy targets set once the downtrend reverse.  $5.20, $6, $6.50, etc. 

[Mikerich]

You didn't answer my question you daytrading knoob!  Again, what are you going to be saying when this stock is $10-$15?  I know, you're going to be in hiding!  You're not some chart reading genius just because you rode it up, got out, and will get back in later.  And how many shares are you buying at a time, 20?  Gimme a break.  Hey how about you post some

[Sazabi]

I think its the over all market respon to ehealth sector.  I compared the graph with TDOC and WELL they are very simular.  I use TDOC because they are the lead ehealth stock in US.  Just my thoughts.