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ShakeShakeLeg
May 4, 2020 4:26 AM

Molina Healthcare Healthcheck! Long setup! Long

Molina Healthcare IncNYSE

Description

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

Trade active

Long entry triggered today.

Trade active

Moved Stop to BE

Trade closed: stop reached

Stopped out today @ BE
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