The hourly chart is set to move higher if the bullish crossover will be confirmed.
Bullish Alert already popped out and price action already made its move
Cigna isn’t usually a very interesting stock. However, it jumped last week and some traders may see the potential for more upside.
The first pattern on today’s chart is the bullish gap on December 11 after the health insurer cancelled its planned merger with NYSE:HUM Humana. (Management will instead spend $10 billion on stock buybacks.) Share volume hit the...
I like using classic patterns. I like to keep things simple. I used to throw a million indicators on a chart and thought it was helping. But now I do not. I may use RSI, MACD, or a Delta Volume lower study. Other than that I only ever use a couple of moving averages, maybe VWAP on the chart above. But here I have used Fibonacci Triangle pattern to identify a long...
Bearish Bat on CI
You can ride the journey on CD as the final leg of the bearish bat pattern completes.
TP1: 88.6 % of XA when the bearish bat pattern is complete.
If trend turns bearish at that point, CI can be shorted all the way down to 38.2% of AD and then to 61.8% of AD.
If the uptrend continues ie. beyond TP1, the pattern will then be a crab pattern....
CI looks bullish. The price remains in the channel.
We're expecting the price to reach the upsloping resistance line and will come back to retests the upsloping support.
Our strategy is to entry short when it occurs.
Invalidation of this thesis would be if the price closes above the upsloping resistance.
Like many shares today the stock is overbought and a correction is long due. Yesterday we've seen a desperate attempt to reach the February high again. But neither this nor the January low could be reached again. The bulls have run out of velocity immediately. The upper range of the Donchian Channel is an additional resistance to be overcome for a continued rise....
The PEAD projected a bullish outlook for NYSE:CI after a positive under reaction following its earnings release placing the stock in drift A with an expected accuracy of 77.78%.
Trading Idea
1) Find a FIBO slingshot
2) Check FIBO 61.80% level
3) Entry Point > 253/61.80%
Chart time frame : C
A) 15 min(1W-3M)
B) 1 hr(3M-6M)
C) 4 hr(6M-1year)
D) 1 day(1-3years)
Stock progress : A
A) Keep rising over 61.80% resistance
B) 61.80% resistance
C) Hit the bottom
D) Hit the top
Stocks rise as they rise from support and fall from resistance....
Around the highs 2 years ago we seem to consolidate. Not so far away are the 3 year highs from 2018 until 2021. It is interesting that the stock could regain the Covid depression very fast and reach a new high. The rise after the Covid drop may be considered as corrected now as the bottoms of both channels, weekly and monthly, are reached. Thus I see if not the...
CIGNA CORPORATION - 30d expiry - We look to Buy a break of 270.11 (stop at 260.11)
The primary trend remains bullish.
Posted a Double Bottom formation.
A break of the recent high at 269.36 should result in a further move higher.
This stock has seen good sales growth.
The bias is to break to the upside.
Our profit targets will be 295.11 and 300.11...
Cigna is showing quite a bit of RSI Bullish Dievegrence as it trades at the 800-Day EMA for the second time; we could eventually see this result in a rally to atleast make a 50%-78.6% retrace.
Looking for continuation of the up channel with the formation of this right shoulder of a head and shoulders pattern.
The right shoulder is shown with the bars pattern and could possibly touch the red trend line.
I think however the channel will maintain.
Mean reversion trade. Keeping in mind 250-251 support broke and the broader market is selling off aside from small pockets.
I'll be watching closely to see if 250 now flips to resistance or if it's a bear trap and big bounce. Stop loss tight.
Entry: 248.75
Stop Loss: 247.75
Target: 255
The market does not seem to care about UNH, Elevance, Centene & Humana all...
CI Best Bet Earnings out May 5th and if the earnings are off or cause the stock to gap down, I would be buying aggressively at the open. CI had a nice run on Friday and all indicators are pointing for a big move up. (earnings are the only wild card)
clocking in at $74.36bn, a price-to-earnings ratio of 11.71, and a price-to-earnings-growth ratio of 0.88 with the...
