Elpidaldo

CNC: ON WATCH FOR A $25 MOVE

Long
NYSE:CNC   Centene Corporation
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!

Comment: so far so good.
Previous resistance becomes support...(until it breaks)
Comment: here is another buy opportunity