Molina Healthcare Healthcheck! Long setup!
What I see...
+ Prices consolidated within channel, moving sideway range bounded for the past 2 weeks
+ Bullish break-out signal with a gap-up and strong volume on Friday
+ Price is near 52w high
+ Prices stayed strong during Feb. and March period; an indication of a very strong performing stock during the Bear market
- Latest bar showed up upper shadow
Setup...
Long entry above range high
Stop set at just under ~$160, which is teh 0.78 Fib
Target at 1.618 Fib
+ Prices consolidated within channel, moving sideway range bounded for the past 2 weeks
+ Bullish break-out signal with a gap-up and strong volume on Friday
+ Price is near 52w high
+ Prices stayed strong during Feb. and March period; an indication of a very strong performing stock during the Bear market
- Latest bar showed up upper shadow
Setup...
Long entry above range high
Stop set at just under ~$160, which is teh 0.78 Fib
Target at 1.618 Fib
Trade active:
Long entry triggered today.
Trade active:
Moved Stop to BE
Trade closed: stop reached:
Stopped out today @ BE