Contextual immersion trading strategy idea.
Cincinnati Financial Corporation, together with its subsidiary, provides property-casualty insurance products in the United States.
On APR 27 the share price fell after bad earnings. Looks like it will continue falling.
The demand for shares of the company looks lower than the supply.
This and other conditions can...
July Puts are like $0.80 for $3 difference in strike. This thing is SO overbought. MACD is weak on all time frames that I looked at. (1D, 1H, 2H, 4H) Ascending wedge. Stoch ready for a flip at ANY time. MACD ready to go at any time. RSI exhausted. This should be fun lol Targeting $95-98 (98 from the top of the wedge would be around .382 retracement, 97ish from...
CINF is an S&P 500 index component. The chart shows a platform sideways pattern typical of Dark Pool hidden accumulation. This was followed by a long white candle that was not HFT driven. The stock is now in another consolidation, at a new high with more hidden accumulation.
Our Quant Algo has been flashing a short signal on CINF .
Expect the price to go down by at least 3% in next 60 days.
** This signal is the result of a quantitative analysis.
Nice steep pennant setup. Friday may have been the first day of it breaking upward. Stoch RSI looks good for the movement. Wait to see what Monday looks like and if it continues to move up and breaks out of that pennant, then target price will be $63.55.
thepatternsite.com
thepatternsite.com
