Elevance Health
ELV
- Long term positioning
Positive earnings are causing a pump in price but be careful here though. Earnings positive since April 2020, why the pump? If i was entering a long term position here i would be waiting for the bottom of the parallel channel and RSI resistance line or at least harboring some cash on the side and splitting my position.
Chart Requirements
- A retest of RSI resistance line preferred
- Ideal levels outlined on chart
- If entering here, please place a tight stop loss as there is a more ideal entry lower
ELV
- Long term positioning Positive earnings are causing a pump in price but be careful here though. Earnings positive since April 2020, why the pump? If i was entering a long term position here i would be waiting for the bottom of the parallel channel and RSI resistance line or at least harboring some cash on the side and splitting my position.
Chart Requirements
- A retest of RSI resistance line preferred
- Ideal levels outlined on chart
- If entering here, please place a tight stop loss as there is a more ideal entry lower