Notes on how I personally use my charts/NFA:
Each level L1-L3 and TP1-TP3 (Or S1-S3) has a deployment percentage. The idea is to flag these levels so I can buy 11% at L1 , 28% at L2 and if L3 deploy 61% of assigned dry powder. The same in reverse goes for TP. TP1: 61%, TP2:28% and TP3:11%. If chart pivots between TP's, in-between or in Between Sell levels these...
Quest Diagnostics is an American clinical laboratory. A Fortune 500 company, Quest operates in the United States, Puerto Rico, Mexico, and Brazil. Quest also maintains collaborative agreements with various hospitals and clinics across the globe.
DGX is :
Current price: 139,91
1- in descending triangle
2- Low volume
3- SMA 200 reacts as resistance along with the descending triangle
4- EBITDA in decline except for Q1 2023
=> Put options for January 2024 open. no SL.
Counter trade:
1- Analysts target: 145
2- OBV/AD are trending higher
3- PE in average with sector
The PEAD projected a neutral outlook for $DGX after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 71.43%.
The PEAD projected a Bullish outlook for $DGX after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 25%.
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Fundamental Indicators:
Sector – Healthcare
US Business Cycle Stage – late cycle, when this sector is favourable
Revenue – consistently growing for the past 5 years, with 9% average annual rate
Profits – explosive growth until 2021 and slight reduction in 2022 TTM
Net margin – effective...
Anotha One..... (DJ Khaled Voice)
Quest Diagnostics confirmed Bump & Run Reversal Bottom, my favorite pattern.
The typical drop of 17-24% brings price to the 0.5 / 0.618 fib level.
Weekly MACD bearish cross confirming the move.
Target Area = $115 - $123
Possible stop under C. Earnings tomorrow morning BMO.
No recommendation.
Larger numbers over price are targets 1. Smaller numbers are target 2. Often it is best to focus on Target 1 as targets 2 may or may not occur. Targets 1 may not occur anytime soon if they miss earnings in the morning )o: If we have a rainy day tomorrow in Mr. Market world, then a...
MACD supports a change in trend direction to bullish.
Remains above its 200-day simple moving average.
Above 128 supports a bullish trend.
Upside price momentum supports the bullish trend.
I'm expecting a retest of $134. The healthcare sector XLV is looking bullish, DGX should follow suit until the retest of 134. I will wait for a bear flag to buy to open puts.
The PEAD projected a neutral outlook for $DGX after a negative under reaction following its earnings release placing the stock in Drift D
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Hello again traders
I bring you one of today's stock pick. Go long Quest diagnostics Incorporated (DGX) at market open. My strategy is to buy the dip and is been working guys. Price that is bouncing of support line also provides a good short term buy.
Stop Loss: 119.50
Target: 132.3
