I met the management team at $WELL a few years back - they were really impressive. The stock ebbs and flows nicely providing some good opportunities.

Since the Jan25 highs, $WELL has come off significantly and found nice support where expected in the 3.70-4.00 are. Last week, ending 01Aug25, there was a checkback to the weekly 10ema (purple) and the weekly 200sma (white) where buyers stepped up.

I think there is a reasonable expectation that there is a move up to 5.50, 6.00 then 6.50ish. The risk on the trade would be a weekly close below 4.40.