Stock Idea: $GOCO (10 Feb 2023)$GOCO
- Not actionable just yet, but I like its relative strength, and that it is building a VCP pattern
GOCO trade ideas
GoHealth (NASDAQ: $GOCO) Ready To Rise Like The Sun! ☀️GoHealth , Inc. operates as a health insurance marketplace and Medicare focused digital health company in the United States. It operates through four segments: MedicareÂInternal; MedicareÂExternal; Individual and Family Plans (IFP) and OtherÂInternal; and IFP and OtherÂExternal. The company operates a technology platform that leverages machine-learning algorithms of insurance behavioral data to optimize the process for helping individuals find the health insurance plan for their specific needs. Its products include Medicare Advantage, Medicare Supplement, Medicare prescription drug plans, and Medicare Special Needs Plans; and IFP, dental plans, vision plans, and other ancillary plans to individuals. The company sells its products through carriers and online platform, as well as independent and external agencies. GoHealth , Inc. was founded in 2001 and is headquartered in Chicago, Illinois.
GoHealth (NASDAQ: $GOCO) Looks Juicy As Ever! 🍊GoHealth, Inc. operates as a health insurance marketplace and Medicare focused digital health company in the United States. It operates through four segments: MedicareÂInternal; MedicareÂExternal; Individual and Family Plans (IFP) and OtherÂInternal; and IFP and OtherÂExternal. The company operates a technology platform that leverages machine-learning algorithms of insurance behavioral data to optimize the process for helping individuals find the health insurance plan for their specific needs. Its products include Medicare Advantage, Medicare Supplement, Medicare prescription drug plans, and Medicare Special Needs Plans; and IFP, dental plans, vision plans, and other ancillary plans to individuals. The company sells its products through carriers and online platform, as well as independent and external agencies. GoHealth, Inc. was founded in 2001 and is headquartered in Chicago, Illinois.
GoHealth (USA: $GOCO) Ready To Rocket In Near-Term! 🚀GoHealth, Inc. operates as a health insurance marketplace and Medicare focused digital health company in the United States. It operates through four segments: MedicareÂInternal; MedicareÂExternal; Individual and Family Plans (IFP) and OtherÂInternal; and Individual and Family Plans and OtherÂExternal. The company operates a technology platform that leverages machine-learning algorithms of insurance behavioral data to optimize the process for helping individuals find the health insurance plan for their specific needs. Its products include Medicare Advantage, Medicare Supplement, Medicare prescription drug plans, and Medicare Special Needs Plans; and IFP, dental plans, vision plans, and other ancillary plans to individuals. The company sells its products through carrier and online platform, as well as independent and external agencies. GoHealth, Inc. was founded in 2001 and is headquartered in Chicago, Illinois.
GoHealth (NASDAQ: $GOCO) Long Overdue For A Reversal! ⬆️GoHealth, Inc. operates as a health insurance marketplace and Medicare focused digital health company in the United States. It operates through four segments: MedicareÂInternal; MedicareÂExternal; Individual and Family Plans (IFP) and OtherÂInternal; and Individual and Family Plans and OtherÂExternal. The company operates a technology platform that leverages machine-learning algorithms of insurance behavioral data to optimize the process for helping individuals find the health insurance plan for their specific needs. Its products include Medicare Advantage, Medicare Supplement, Medicare prescription drug plans, and Medicare Special Needs Plans; and IFP, dental plans, vision plans, and other ancillary plans to individuals. The company sells its products through carrier and online platform, as well as independent and external agencies. GoHealth, Inc. was founded in 2001 and is headquartered in Chicago, Illinois.
GOCO LongDowntrend Wedge breakout + revisit trendline
Double bottom + retest neck line
Entry 14.3
Stop 11.5
Target1 19
Target2 25
I am not a PRO trader. I trade option to test my trading plan with small cost. The max Risk of each plan is less than 1% of my account.
If you like this idea, please use SIM/Demo account to try it.
GOHEALTH is it a buy?The stock broke out of a symmetrical triangle recently. However, the break out volume is VERY low. Usually I would like to see breakouts with good volume before entering.
On the other hand, 9EMA and 21EMA are about to cross soon.
I would only enter this stock WHEN the 9EMA crosses above the 21EMA with decent volume.
PT1: 13.3
PT2: 15.17
GOCO Possible Rounding Bottom/Cup and Handle 76% 172%GOCO appears to be forming a rounding bottom pattern...macd in positive territory with months of bullish divergence...buy in price is $12.50 (though it may not get there)...first target is $22 (76%)...possible retrace into cup and handle...second target is $34 (172%)...IT'S YOUR MONEY, DYOR!!
GoHealth formed head and shoulder and double bottom patternNASDAQ:GOCO broke out of the double bottom pattern and retested the neck line and is now about to break out of the head and shoulders pattern. Targets are shown on the chart, stop ideally at 11.6$.
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This is only my own view and not financial advice, do your own analysis before buying or selling
Happy Trading!
GOCOThe young company, after the IPO, performed a correction and formed a reverse H&S pattern at the bottom, the neck level has already been broken and now the neck level is being retested. The target for the trade is + 35%, upon reaching the target it is necessary to watch the price behavior, since further growth is quite possible at least to the level of the historical maximum, since in this case the reverse H&S pattern is a pattern for entering a medium-term long, conditionally it can be considered the beginning of the third wave cycle. Stop trade - the stop level is displayed on the chart.
Double bottom and Bullish Flag FormationDouble bottom formation with breakout signalling a reversal in the downward trend. Price came back to test the breakout price level at 13.30 and rebounded.
At the same time, it looks like there is a bullish flag formation and accumulation at the 13.30 to 14.80 range.
Flagpole height: 3.50
TP1: 15.17 (resistance)
TP2: 17 (based on flagpole height)
TP3: 18.87 (previous support - resistance level)
GOCO Chart SetupBackground Info:
- Purchase Price $13.51 (a little higher than planned).
- GOCO closed at $13.31 on December 29, 2020
- GOCO AH $13.11
Predictions over the next month:
- Expecting a pullback to $13.04 within 1-2 weeks
- At or around $13.04, we should see GOCO begin to break out
TP1: $15 --> 10%
TP2: $17.5 --> 30%
SL: $12 --> -12%
High risk, higher reward play.
- EB
