CI trade ideas
Cigna Corp. Potential BreakoutIf candle closes bullish tonight or with a bullish pinbar , a buy order will be placed tomorrow. Expecting price to face some resistance in the blue zone area hence would be a good TP area too.
All indicators showing bullish signs with prices moving above both SMAs .
Short by put option from to weekly level support $102Short by put option from to weekly level support $102
Go Long, Cup and Handle forming Cigna Corp $CIGo Long, Cup and Handle forming on Cigna Corp $CI
Worth adding to watchlist and buy on the breakout.
Trying to understand how drawings follow chartsI've been struggling with this for two weeks. The video shows a sequence of how I'd like it to work, and as you see it does work. Multiple times it works in the afternoon, but when I go to set up in the AM before open, it will not work. So this video is proof that it does work. I'm leaning towards the explanation that TradingView restricts allocation of data near opening bell time.
This would be break out seems to have broken downCI recently broke through near term support at $157.
May have to retest long term support at $145
$CI Cigna Corp Golden Cross but needs a rest. Really bullish recovery from the bottom in early October, the rise has been so strong that the indicators are getting tired and overbought, we expect a slight pullback to create a better entry level.
Average analysts price target $217 | BUY.
P/E ratio 16.60.
Company profile
Cigna Corp. is a global health service company, which is dedicated to improving the health, well-being and peace of mind. Its products and services include an integrated suite of health services such as medical, dental, behavioral health, pharmacy, vision, supplemental benefits and other related products including group life, accident and disability insurance. The company was founded in 1792 and is headquartered in Bloomfield, CT.
Sell $CI at entry price 81.1, stop loss 86, target 172Sell $CI at entry price 81.1, stop loss 86, target 172 freetradinglife.com
Cigna to $165? Sentiment Change?Possible healthcare sentiment change, at least for the short term.
Long position into $165 area.
Good-luck. (Not trading advice, any decision you make is yours alone).
CI
$CI ANTHEM AND MEDICARE HAVE PRODUCED A DARK CLOUD ABOVE CIGNAFrom a fundamental perspective, this entire sector will be used as a pawn within the political parties to gain favor with the electorate until after the 2020 election, that is quite a while to wait for a safe entry point or maybe not. Cigna is also embroiled in a long suffering court case with NYSE:ANTM claiming THAT ANTM should pay compensation of $16 billion for the botched takeover in 2015. IF CI was to win the case it would be extraordinary but most likely they will be awarded the break up of fee of $1.84 billion.
From a technical point of view the chart is becoming quite interesting and suggesting a entry point may be on the way. Please consult the chart for analysis but a break and possible retest of the trend-line(blue) would be a good buy signal.
P/E RATIO 14.81
AVERAGE ANALYSTS PRICE TARGET $214
AVERAGE ANALYSTS RECOMMENDATION BUY
COMPANY PROFILE
Cigna Corp. is a global health service company, which is dedicated to improving the health, well-being and peace of mind. Its products and services include an integrated suite of health services such as medical, dental, behavioral health, pharmacy, vision, supplemental benefits and other related products including group life, accident and disability insurance. The company was founded in 1792 and is headquartered in Bloomfield, CT.
Cigna Indecisive supply and demand dispute beating earnings expectations. Likely 1 more bounce up due to momentum on the larger time frames, then a 20 point short opportunity if we abide by the generally accepted rules of symmetrical triangles.
CI ideaLooking for some consolidation and bounce; alt one more down leg on break to 1.38 of prior drop.
Double bottom.As it shown on the chart. Simple double bottom pattern. Buy $165-170, TP $200-225, SL $155.
$Cigna on the way upCigna currently at the end of a bullish falling wedge
Bullish Divergence on RSI
Currently resting on the .618 Fibonacci retracement
Steadily descending sell volume
CI: Major major double bottom rout comingI had my alert set and I did not wait. This will make you moola if allow it to.
I added this today:
CI Mar 22nd -- 165 calls
Looks like a break outLooks like a nice break out from recent flat period, and this looks set to continue.
