Following the breakout in end-2023 from the diagonally-downward sloping channel dating back from mid-2021, the share price found resistance at the 0.236 fib level. Proceeding this, another fib could be drawn to identify the next support level. Everything indicates that support will be found at 0.382 fib level of the latter mentioned fib, this also coinciding with...
Recent MACD cross and ADX is rising over 18 suggesting a strengthening trend and the D+ showing a sharp move up show us it is a positive trend.
The series of higher lows and the gap up to close above the .50 fib level and descending trend line is very bullish.
OBV confirms the trend.
targets: 4.82, 5.16, 6.06
The MACD is crossing over and after making a double bottom the price recently broke above the descending weekly trend line. We also see D+ curling up and D- crossing bellow the ADX line which implies an uptrend.
It appears that 4.70 may act as resistance in the short term given the congestion at that price, which is also the .38 fib level.
target: 4.96, 5.31,...
MACD is crossing and the price has consolidated for several days at the 4.96 level, which has acted as a key support/resistance level in the past.
The most recent candle tested the uptrend line which also the .382 fibonacci level.
targeting: 5.75 in the short term. $7 in the longer term.
After the separation from Xerox conduent days was all dark, at least for now conduent is a good company long-term they have hands on many sectors from Healthcare to transports (both public and private) and it is valuate at only 1B right now with a 4B revenue and its estimated to increase in the next 2 years.
Carl Icahn stock.....number for entitlements from Big Government will dramatically increase this year, they handle all welfare, SNAP, medicare payments, toll roads and many other services.
Down-sloping wedge and at horizontal support
Entry is at the horizontal support
Target is the horizontal resistance
Stop is just below diagonal support but I will exit trade with a candle close underneath horizontal resistance
Watching CNDT for a rally. The 50 SMA has recently crossed the 200 MA and the price closed above the .50 fib level. This could potentially take it back to prior highs in the next couple of weeks. Targeting 3.68 then 4.10
CNDT looks like it could break out. The double bottom on 9/9 & 9/10 after the downtrend is bullish. Also i like the retest (3x) of the uptrend line. Break out over 3.67. First target 4.10
