WELL Health Technologies Corp T.WELL

Head and Shoulders Bottom identified March 31, 2022

[speedy99]

Intermediate-Term Bullish

Volume	4,681,183
Close Price	5.21
Target Price	6.20 - 6.50
Pattern Duration	80 days
Inbound Trend Duration	64 days

Tells Me: The price seems to have reached the end of a period of "accumulation" at the bottom of a major downtrend; the break up through resistance signals a reversal to a new uptrend.

The Head and Shoulders Bottom is created by three successive declines in the price following a significant downtrend. The lowest low (head) is in the middle, flanked by two higher lows (shoulders) at roughly the same level. Volume is highest as the price makes the first two declines, then diminishes through the right shoulder. Finally volume surges as the price closes above the neckline (drawn between the two highs) to confirm the reversal.

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[macfisher]

From 5i research today WELL Health Technologies Corp. (WELL) Add to favourite Q: The following was in the Globe today and I quote: "Canaccord Genuity’s Doug Taylor lowered his Well Health Technologies Corp. to $10 from $12 with a “buy” rating, while PI Financial’s Kris Thompson cut his target to $9 from $10.50 with a “buy” rating. The AVERAGE is $10.12."