Double Top here was particularly nasty, as the decline at the second rejection has been extremely aggressive.
Falling from $24 to to $5 in less than 2 years.
The bottom blue line is the 2008 Financial Crash Low Line at $2.65....the price held there, so surely this will be a potentially strong support level for a reversal, so I have added in the impulse count from there.
This is a Medical Properties Trust, so it does not have earnings to help as a catalyst for a reversal.
Qubas
2023-10-04 04:33:13 +0000 UTCAbilash Satyanarayana
2023-10-04 00:36:25 +0000 UTC