Elevance Health (
ELV) is pushing higher along a rising trendline and is now testing a critical resistance zone around $340.67. A breakout above this level would signal a bullish reversal, with upside potential toward $402 (~18% move).
Entry trigger: Breakout above $340.67 with confirmation.
Profit target: $402.23 (major resistance / measured target).
Stop-loss: Slightly below $340.67 (the breakout line).
The structure shows momentum shifting to buyers. A confirmed breakout above $340.67 could trigger continuation strength toward $402.
Trading Plan: Wait for breakout confirmation. Target $402 while protecting downside with a stop just under $340.
ELV) is pushing higher along a rising trendline and is now testing a critical resistance zone around $340.67. A breakout above this level would signal a bullish reversal, with upside potential toward $402 (~18% move).Entry trigger: Breakout above $340.67 with confirmation.
Profit target: $402.23 (major resistance / measured target).
Stop-loss: Slightly below $340.67 (the breakout line).
The structure shows momentum shifting to buyers. A confirmed breakout above $340.67 could trigger continuation strength toward $402.
Trading Plan: Wait for breakout confirmation. Target $402 while protecting downside with a stop just under $340.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.