SniperAlphaCom
$THC — One breakout done. Is another one loading?
Healthcare continues to show strong relative strength against $SPY, and $THC is showing an interesting setup.
After spending over two months consolidating around the golden EMA area, price broke out of its previous box.
Now it's building a smaller base above former resistance.
If price tightens further, this second box could offer an attractive risk/reward opportunity.
I'm waiting for cleaner compression before making a move.
Anyone else watching $THC?
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