PRVA Head and Shoulders Pattern?Privia Health looks to me to be both a Head and Shoulders Pattern and “had’ a Double Top pattern. This chart is looking like it wants lower prices. It is about ready to break below the neckline. It has also been living below the shorter term 8 EMA (teal) the 20 EMA (green) and the now down sloping 50 DMA (red). It also has a declining RS line but is still above an upsloping 200 DMA (black). This is a short candidate for me. If I take this trade, I will be mindful of the 200 DMA as a possible support zone. All TBD. Ideas, not trading / investing advice.
Trade active
10/21 started a small short position @ 32.45. My stop will be on a close above the 8 ema. Let's see how it plays out.
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I may or may not take any trade published and I am under no obligation to post any action or update to any idea.
I may or may not take any trade published and I am under no obligation to post any action or update to any idea.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Ideas I publish are my own. They are not meant to be investment / trading advice. You are encouraged to do your own due diligence.
I may or may not take any trade published and I am under no obligation to post any action or update to any idea.
I may or may not take any trade published and I am under no obligation to post any action or update to any idea.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.