CERN gapped in April to quickly complete the short-term bottom formation. It ran up on pro traders and smaller funds buying in the past few days. It is now nearing the previous high’s resistance of last August. This may create a retracement due to profit-taking by the professional traders.
Cerner Corp exploded out of the blocks today at the open on news that Starboard will be taking a active seat on the board and will surly create as shakeup in the process.
There is no real need to jump in at this level as some selling is already taking place. Let it settle a few days and see where the price is sitting.
An intraday high potential, Back Tested Long Analysis.
We ll try to enter into the correction of the uptrend movement.
You will be notified whether to proceed to S.L.2 / T.P.2 scenario.
DETAILS ON THE CHART
NOTE: Entry range area above the entry point, is calculated upon 80% of the recorded pullback back tested past performances
DISCLAIMER: This is a technical...
The price touches the 30MM, but the share has a great variability. Thus, it's difficult to know if the price is going down. I think the price will going down for 3 months and without break the support and then, it's going up.
CERN has slowly been pulling back to price support, look for a bounce off 65.80 for a move to 69.28. Currently in a swing on this stock with an entry of $66.94. Stock is starting to move in my favor and I expect a good push next week! This is one of my first trades, so feel free to give me feedback.
CERN pulling back from 52wk high. Level on the chart looks like a good area of support to start a long position. Not only does this level have trendline support but it's also at former resistance.