SLQT Long PutGap was filled. Plan to buy a $15 October Put in anticipation of the retest back down. Absolute zero trade...
SLQT
DBD + Stoch 1W Trade EntryLooks like SLQT is providing a good entry point, near historic lows, and a long upside according to point of control. The next earnings are bound to bring us some volatility and possibly a catalyst. I'm in it with November calls as of today. My biggest concern is overall market fundamentals and the fact that I have to keep my position relatively small.
Not advice, just for entertainment. Technical trades may provide possibilities, not probabilities.
SLQT longBidding green area
SelectQuote, Inc. is a technology-enabled, direct-to-consumer distribution platform that provides consumers with a transparent and convenient venue to shop for complex senior health, life and auto & home insurance policies from a curated panel of insurance carriers. The company operates through three business lines: SelectQuote Senior, SelectQuote Life and SelectQuote Auto & Home. The SelectQuote Senior provides unbiased comparison shopping for Medicare Advantage and Medicare Supplement insurance plans as well as prescription drug plan, dental, vision and hearing and critical illness products. The SelectQuote Life provides unbiased comparison shopping for life insurance and ancillary products including term life, guaranteed issue, final expense, accidental death and juvenile insurance. The SelectQuote Auto & Home provides unbiased comparison shopping platform for auto, home and specialty insurance lines. The company was founded on August 18, 1999 and is headquartered in Overland Park, KS.
SLQT is now 'Oversold'SLQT, a relatively big IPO recently, has entered the Oversold area on the 4HR chart, and is about to on the 1D. The stock had a huge technical Pivot point on July 24, a large bullish candle that had strong resistance and very large volume cutting into the $17 range, with an RSI of under 25. That should be the signal we need to now confirm that the reversal has taken place.
The stock is currently at it's all time low, and could hit lower before a reversal may take place. There were several strong bearish candlesticks leading up to this event. However, analysts seem to like this stock, and are bullish on it up to $30-$39. This is what I call, an opportune area - where we need to identify a reversal has indeed taken place.
If the stock has bullish sentiment, I only focus on the technicals. No bad publicity over the last couple weeks. Let's see where this one ends up!
SelectQuote(SLQT) Pivot and confirmation, quick trade - 10%-17% SLQT IPO came out recently, and went up to a high of $29! Then, like many othe IPOs, people start taking gains, or start shorting it, and we ended up at the bottom around $19.00. I circled what I thought the Pivot point to be, as it had way above average volume that day, with a very long tail, and we have confirmation with a huge bullish candlestick leading the way on Friday.
I printed 3 target prices, being just Fibonacci retraces - I don't expect to go all the way to 100%, but if we do get there, expect to go higher!
First cash out is 10%, then 17.5%, and 27% gains! Unless you decide to hold onto this stock, this should be a quick trade.
Stoploss at $17 for the long trade, adjust accordingly for the shorter ones.
SLQT Pivot point, looking for confirmation from candlesticksRecent IPO SQLT has crashed from it's opening share price of $20/share - which actually went on to open at $26-$28 the first day of trading, for several weeks, until it crashed to it's recent low, around $15.80. This was met with strong resistance, and a bullish candle formed, with a large amount of volume, signalling a potential reversal of the market. The stock price has been consolidating at this new level, and we must wait for confirmation of another signal before making any moves.
SLQT ReversalBears trapped. Hammer signal if it closes like this. Taking an early position and will keep adding to it if possible.
