Brian Sullivan (Anchor) 00:00.000
But are there better times ahead next year for the company and for the stock? Let's find out Carter Worth, looking at the charts on U and H. What do you see? I
Carter Worth (Founder) 00:08.480
think so. So to your point, down 34, 35%. The worst performing stock in the Dow Jones Industrial Average and uh I think the lows are in. Let's look at the charts one at a time. The first, of course, with no drawings, no lines. Number two, let's put some lines in. The stock is uh
Carter Worth (Founder) 00:24.200
since the lows of August, tracking a well-defined uh minor to intermediate uptrend lines. like third iteration. The stock has broken above the well-defined downtrend line in effect for the past year. Next iteration, another way to depict the circumstance, the two lines together
Carter Worth (Founder) 00:43.520
it is moved up and out of those converging trend lines. Yet again, another way, one might want to annotate it and call it a cup and handle. Doesn't matter what you call it, as all the elements of reversal. One more, just for good measure. It is moved above the downtrend line. It
Carter Worth (Founder) 01:00.200
is no longer making a series of lower lows, but is now a slight new intermediate high, abandoned, the biggest stock in the healthcare sector once upon a time and now no longer only 50 basis points in the S&P. I think it's this, Brian. If it's wrong, this judgment of mine, it's
Carter Worth (Founder) 01:20.200
sideways. If it's right, it's up. I think down from here is a very low probability. 1 2 3 4 5 6 7 8 9 11 12 14 15 16 17 18 18 19 20