InvestingScope

WELL Health Technologies: Strong buy below the MA200.

Long
TSXV:WELL   None
WELL (WELL Health Technologies Corp) is one of the hottest stocks of July as it has grown so far by 77% on a monthly basis making a jump of +175% since the beginning of June. Currently this is no time to enter this frenzy as past price action has shown that after a +170% rise and overbought levels on the 1D chart, consolidation follows and then a test of the 4H MA200. Our suggestion for this asset is a strong buy once it approaches the MA200.




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