HELLO PEOPLE!
LOOK AT THIS STOCK , LOOKS GOOD FOR A BULL RIDE. WE CAN SEE ON THE HOURLY CHART A BULLISH PATTERN ( BULL FLAG ) WE ALSO ABOVE A SIGNIFICANT SUPPORT LEVEL AROUND 88. BREAK OUT CAN LEAD TO A NICE MOVEMENT TOWARDS THE RES AREAS ( LOOK AT THE GREEN LINES ). MOVING AVERAGES LOOKS BULLISH.
Looks like this one is going to bounce sooner or later.
Should not take such big hit because of the virus
www.nasdaq.com
Nice RR here to get back to previous highs at least
Up triangle is forming, buy after 2nd bounce, SL close underneath. Great Risk/Reward.
This should be confirmed also by a bounce of the RSI on the 40 zone. MACD still bullish.
DGX is approaching our first resistance at 86.76 (horizontal overlap resistance, 23.6% Fiboancci retracement, 100% Fibonacci extension, elliot wave structure) where a strong drop might occur below this level pushing price down to our major support at 83.28 (horizontal overlap support, 50% Fibonacci retracement).
Stochastic (55,5,3) is also approaching resistance...
Another decent triangle. Only 4 taps this time but today it closed above all of the major moving averages. Could make a run to the top trendline and a possible breakout. Will need more volume.
I think that good time to BUY DGX. Just like AON.
Judging by the indicators, the company does not expect much more, as for example, from AON, but I really do not expect too much from DGX. From the point of view of technical analysis, I like DGX very much. Therefore, I will get it as difersifikatsii portfolio.
P/E 16.61
Forward P/E 15.08
Open 104.20
SL 102.91
TP...
Potential here for this up trending channel to be validated.
MACD showing signs of a turn along with the latest daily bar also displaying strength.
DYOR
