BHG: Consolidation before Moving for Top Resistance
BHG price is close to upper resistance, price can have a short-term pullback before attempting new highs on a weekly basis. The RSI4 is close to being overbought while it has been 21 weeks since a low on the share.
The expectation is for price to make a swing high on the weekly chart & begin a downtrend which can allow the RSI to cool, price is then expected to challenge for the upper resistance of the megaphone pattern. Ideally this share is for those already holding or looking for points to take profit.
The expectation is for price to make a swing high on the weekly chart & begin a downtrend which can allow the RSI to cool, price is then expected to challenge for the upper resistance of the megaphone pattern. Ideally this share is for those already holding or looking for points to take profit.
