Something I longed today that isn't commodity related
Base on base action and high relative strength. Exactly what you want to see in a market like this
Dragon pattern along a support potential reversal area. Flipping resistance into support.
Daily hidden bullish divergence on the MACD.
Stop = Below resistance level.
Target = 0.618 fib extension.
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...
Screened for stocks that has performed well in the last 1-3 months and came across that most stocks in the medical services have performed strongly. So decided to look into the IHF etf holdings.
CNC has broken out of the 75.30 strong resistance level. Previous 3 times have failed and 4th time lucky. This stock will go much higher.
Watch this stock.
Disclaimer: I am not a financial advisor. Do your own research too. These are picks I have scanned for myself and seems based on the pattern , it could go higher but nothing is guaranteed. Do your own research and due diligence
=================
I am showing a few stocks on the list which could be potential good swing trades if meets the criteria.
1.INFN
2....
I am just doing simple technical analysis and how a trader can make sense of a chart and predicts its buying and selling points. i.e. buying and selling
CNC has had $74.50 as resistance since mid 2018 and it's currently being tested again.
Recently the Price Action has been sticking very close to this resistance. This generally indicates that a breakout is imminent. If you go back to 2018 you can see that the PA has never stuck this close to the resistance point.
Will it break?
Your guess is as good as mine....
As you can see there has been a rough resistance at the 74-75 levels and it has been like this since August 2018. For me, the volume speaks volume and if you are to compare the volume levels to the previous volume levels we have got something juicy. Each time at this 75 dollar level we have never experienced high volume and finally, it has come! Quadruple top on...
I like the stock long over the resistance line. You can see that the price is currently knocking on the door of a previous high made all the way back in August of 2018. I think it's time for a catch up here. CNC has lagged it's sector in both price performance and valuation.
$CNC Centene Corporation. Health Care Services.
Trailing P/E: 17.11
EPS Growth:
Last Q...
The algorithmic advisor Market Miracle is suggesting for some days a LONG entry on the title CENTENE $CNC
The company that is basically a Healthcare is in charge of the US-wide care of patients with and without health coverage.
The signals that I have been provided on Centene these days did not have a particularly explosive aspect for which for my fault they...
Consolidation was broken upwards, but the price did not fix above the global maximum. Perhaps in the fall, growth will continue with a minimum target in the region of 95. In the long term, growth is possible in the region of 107.
