CNC:
CNC is now retesting a multi-year resistance around $75. The resistance line has started in August 2018.
The trend is up.
Resistances are made to be broken and a stock that breaks through a multi-year resistance level can lead to a significant rally. It's often even better if the resistance level is at the stocks all-time high since there is no overhead resistance.
I will be looking for a break and weekly close above 75 to enter a long swing position.
This one is for patient investors/traders.
If we break, I would target a 1st target of $100.
Trade safe!
CNC is now retesting a multi-year resistance around $75. The resistance line has started in August 2018.
The trend is up.
Resistances are made to be broken and a stock that breaks through a multi-year resistance level can lead to a significant rally. It's often even better if the resistance level is at the stocks all-time high since there is no overhead resistance.
I will be looking for a break and weekly close above 75 to enter a long swing position.
This one is for patient investors/traders.
If we break, I would target a 1st target of $100.
Trade safe!
Comment:
here is another buy opportunity
Previous resistance becomes support...(until it breaks)