Stock Idea: CNC (weekly)Something I longed today that isn't commodity related
Base on base action and high relative strength. Exactly what you want to see in a market like this
1CNC trade ideas
$CNC Decent Setup in Tough Market$CNC looking pretty decent and worth watching tomorrow.
Volume pattern looks exceptional.
$CNCDragon pattern along a support potential reversal area. Flipping resistance into support.
Daily hidden bullish divergence on the MACD.
Stop = Below resistance level.
Target = 0.618 fib extension.
CNC: ON WATCH FOR A $25 MOVECNC:
CNC is now retesting a multi-year resistance around $75. The resistance line has started in August 2018.
The trend is up.
Resistances are made to be broken and a stock that breaks through a multi-year resistance level can lead to a significant rally. It's often even better if the resistance level is at the stocks all-time high since there is no overhead resistance.
I will be looking for a break and weekly close above 75 to enter a long swing position.
This one is for patient investors/traders.
If we break, I would target a 1st target of $100.
Trade safe!
CNC breaking out Screened for stocks that has performed well in the last 1-3 months and came across that most stocks in the medical services have performed strongly. So decided to look into the IHF etf holdings.
CNC has broken out of the 75.30 strong resistance level. Previous 3 times have failed and 4th time lucky. This stock will go much higher.
Watch this stock.
SWING TRADE SETUP FOR FEW STOCKS AUG18Disclaimer: I am not a financial advisor. Do your own research too. These are picks I have scanned for myself and seems based on the pattern , it could go higher but nothing is guaranteed. Do your own research and due diligence
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I am showing a few stocks on the list which could be potential good swing trades if meets the criteria.
1.INFN
2. RPRX
3. MCD
4. GDRX
Stock chart analysis for beginners .I am just doing simple technical analysis and how a trader can make sense of a chart and predicts its buying and selling points. i.e. buying and selling
Technical Analysis on how to read stock chart simple wayThis is for traders who are looking to analyze stock chart and keep it simple for trading stock, Same pattern can be applied to any time frame.
CNC retesting multi-year resistance! Will it finally break?CNC has had $74.50 as resistance since mid 2018 and it's currently being tested again.
Recently the Price Action has been sticking very close to this resistance. This generally indicates that a breakout is imminent. If you go back to 2018 you can see that the PA has never stuck this close to the resistance point.
Will it break?
Your guess is as good as mine. Judging from the bullish PA, I'm going to put money on it breaking out.
Volume is also signalling towards a breakout.
Final thoughts:
* Long term view shows a steady up-trend
* Price sticking close to multi-year resistance
* Day-to-day price action and volume shows that it's ready for a break
* Look for buying opportunities once a breakout is confirmed. I'd be looking for a weekly close and hold above $74.50
This is one to keep an eye on in the coming weeks.
P.S: This is the monthly log chart of CNC
CNC, the breakout we've all been waiting for!!As you can see there has been a rough resistance at the 74-75 levels and it has been like this since August 2018. For me, the volume speaks volume and if you are to compare the volume levels to the previous volume levels we have got something juicy. Each time at this 75 dollar level we have never experienced high volume and finally, it has come! Quadruple top on the long term mixed with an ascending wedge just screams breakout play.
TLDR:
1. Longterm ascending triangle.
2. short term bullish wedge breakout
3. 4x top
4. most importantly increased volume on the run-up to resistance.
Would love thoughts and ideas about this idea or if there are any questions.
CNC: Ascending Triangle Weekly (55%)Price Target = 115.75$
Thank's @peekysnipes for pointing this one out!
$CNC Centene Corporation Health Care ServicesI like the stock long over the resistance line. You can see that the price is currently knocking on the door of a previous high made all the way back in August of 2018. I think it's time for a catch up here. CNC has lagged it's sector in both price performance and valuation.
$CNC Centene Corporation. Health Care Services.
Trailing P/E: 17.11
EPS Growth:
Last Q vrs Same Q Prior: +1,387.50 %.
Trailing 12 Months vs Prior: +111.62 %
Morgan Stanley and Oppenheimer both have out perform ratings on the stock.
I like the stock long over $75.00 with a minimum upside of the 0.618 Fib extension ($103) witch is about the full peak to trough move from the resistance line to the bottom in October 2019.
Good one for the watch list.
Centene, I was neglecting you but now I see you in your splendorThe algorithmic advisor Market Miracle is suggesting for some days a LONG entry on the title CENTENE $CNC
The company that is basically a Healthcare is in charge of the US-wide care of patients with and without health coverage.
The signals that I have been provided on Centene these days did not have a particularly explosive aspect for which for my fault they have been neglected but analyzing the company more from the fundamentals it emerges that Centene is really in excellent health and ripe for a possible growth slow but steady for a long time.
In fact, according to some sites that I use as a reference to find data on companies is far below its fair value, has no particular alerts if not a debt situation in which the covid has contributed a lot but hopefully over time should be reduced.
From a graphic point of view we are already at the peak and between an overbought and the other always manages to climb a step higher than the index of its strength.
Analyzing Miracle Viewer, the indicator that tries to identify the positions of the big players of marked, we see that they are returning investments by the institutions so the title could accelerate its rise.
From a graphical point of view in the very short I expect a climb like the one described in the chart but I imagine there will be new and future updates very soon.
I will take a position on the title as soon as possible.
This idea is based on a signal generated by the advisor Marketmiracle, down on this page you will find the link to the page of signals of the advisor that you can see for free without any cost or registration
CNC: Consolidation.Consolidation was broken upwards, but the price did not fix above the global maximum. Perhaps in the fall, growth will continue with a minimum target in the region of 95. In the long term, growth is possible in the region of 107.
CNC looking bearishCNC trying the top the 4th time. Very strong Resistance level.
BlueWave Going to give a red dot soon.
RSI is Overbought.
Like and follow to stay updated!
CNC to test prior support and bounce?Very new to technical analysis as this is my first chart I am posting. Please feel free to critique me as I would love any feedback!! Appears to be the sell volume is dying down and CNC could test old support at the $57.75 before bouncing back into the $60s. Triple bottom?
Head and ShouldersI mostly look at charts, but this one being in the healthcare industry, confuses me as those have been doing well..
I got in this one at support, was way up, saw what was happening and got out with haste, although I made a little profit, I lost profit by not getting out sooner..when I see I am in trouble I place a stop..which rarely helps cos I end up losing a bit more by getting stopped out. I learned a lesson on this one..Get out when my gut tells me to get out (o:
Head and shoulder are an ominous sign at the top...but sometimes you can not know until the RS has formed and a pull back begins. You are sliding right along and then Boom..that H&S will knowck you down like a brick wall when you run in to it!
This may not go any further under the support of the neckline, but has tested it.. Thank goodness I got out a distance above that, but I do not like seeing retests of support like that..I am not buying this support and will wait..if it makes a bullish move up or the 5MA corsses up and through the 20MA, I may consider it..
Short interest is not high at all in the scheme of things..NV and OBV are slacking off
Not a recommendation
CNC - Hitting a solid baseCNC is testing a support area. Technicals indicate that the stock might invert at this point and thus this can be a good moment to enter. Furthermore, this is a stock which has presented a sustained growth in revenues coupled with a strong annual EPS growth. Additionally, CNC looks cheap when compared to its peers. Current environment and overall company strategy makes me positive on this one.
