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MultiPlan Corporation

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MPLN trade ideas

MPLN/USD – 30-Min Long Trade Setup!📊 🚀 🔹 Asset: MPLN/USD 🔹 Timeframe: 30-Min Chart 🔹 Setup Type: Bullish Ascending Triangle Breakout 🚀 Trade Plan (Long Position): ✅ Entry Zone: Above 29.34 USD (Breakout Confirmation) ✅ Stop-Loss (SL): Below 28.02 USD (Breakout Invalidated) 🎯 Take Profit Targets: 📌 TP1: 31.09 USD (First Resistance Level) 📌 TP2: 32.84 USD (Extended Bullish Target) 📊 Risk-Reward Ratio Calculation: 📈 Risk (SL Distance): Below 28.02 USD 📈 Reward to TP1: 31.09 USD 📈 Reward to TP2: 32.84 USD 🔍 Technical Analysis & Strategy: 📌 Breakout Confirmation: A strong push above 29.34 USD signals bullish momentum. 📌 Pattern Formation: Ascending Triangle Breakout, indicating a potential upside continuation. 📊 Key Support & Resistance Levels: 🟢 28.02 USD – Strong Support / Stop-Loss Level 🟡 29.34 USD – Breakout Zone / Entry Level 🔴 31.09 USD – First Profit Target / Resistance 🟢 32.84 USD – Final Target for Momentum Extension 🚀 Momentum Shift Expected: 📌 If price stays above 29.34 USD, it could rally towards 31.09 USD and 32.84 USD. 📌 A high-volume breakout would strengthen the trend continuation. 🔥 Trade Execution & Risk Management: 📊 Volume Confirmation: Ensure strong buying volume above 29.34 USD before entering. 📈 Trailing Stop Strategy: Move SL to entry (29.34 USD) after TP1 (31.09 USD) is hit. 💰 Partial Profit Booking Strategy: ✔ Take 50% profits at 31.09 USD, let the rest run to 32.84 USD. ✔ Adjust Stop-Loss to Break-even (29.34 USD) after TP1 is reached. ⚠️ Fake Breakout Risk: If price falls below 29.34 USD, wait for a retest before considering re-entry. 🚀 Final Thoughts: ✔ Bullish Setup – Holding above 29.34 USD could lead to higher targets. ✔ Momentum Shift Possible – Watch for volume confirmation. ✔ Favorable Risk-Reward Ratio – 1:1.13 to TP1, 1:2.46 to TP2. 💡 Stick to the plan, manage risk, and trade smart! 🚀🏆 🔗 #StockTrading #MPLNUSD #BreakoutTrade #TechnicalAnalysis #MarketTrends #ProfittoPath #DayTrading #MomentumStocks #SwingTrading #TradingView #LongTrade #TradeSmart #RiskManagement #StockBreakout #Investing #StockAlerts #ChartAnalysis 🚀📈
NYSE:MPLNLong
by ProfittoPath
MPLN Long Trade Setup | Entry, SL, T1, T2!Type: Long Trade 📈 Entry Point: $14.97 (marked breakout level) Stop Loss (SL): $13.17 (marked in red) 🚫 Target 1 (T1): $16.75 (marked in yellow) 🟡 Target 2 (T2): $19.40 (marked in green) ✅ Reason for Long: Ascending triangle breakout pattern with strong upward momentum. The breakout above $14.97 signals potential bullish continuation. Confirmation: Sustained breakout above resistance with price forming higher lows. Timeframe: 30-minute chart.
NYSE:MPLNLong
by ProfittoPath
MPLN | Time to Start a Position? | BounceMultiPlan Corporation, together with its subsidiaries, provides data analytics and technology-enabled cost management, payment, and revenue integrity solutions to the healthcare industry in the United States. The company offers analytics-based services, which reduce medical costs through data-driven algorithms that detect claims over-charges and recommend or negotiate reimbursement; network-based services that reduce medical costs through contracted discounts with healthcare providers; and payment and revenue integrity services, which reduce medical costs by identifying and removing improper and unnecessary charges paid during the claim. It also provides health benefit plans, which features reference-based pricing and tools to engage health plan members and providers to make the use of benefits before and after care delivery. The company serves national insurance companies, Blue Cross and Blue Shield plans, provider-sponsored and independent health plans, third party administrators, bill review companies, Taft-Hartley plans, and other entities that pay medical bills in the commercial healthcare, government, workers' compensation, and auto medical markets. MultiPlan Corporation was founded in 1980 and is headquartered in New York, New York.
NYSE:MPLNLong
by DivergenceSeeker
MPLN Multiplan Corporation Currently At Long EntryA reward/risk above 3 is generally considered a good trade by smart money. A r/r above 6 is rare and I always take those trades. This might continue to find new lows and stop me out, but the risk is minimal compared to the possible reward at this current entry. I'm still bearish on the overall market for the coming months, but a short term bounce is quite possible and if MPLN holds this along with the S&P this week, we could have a serious runner based on price action.
NYSE:MPLNLong
by MicDrop5
$10+ Target for MPLN Post-ShortI have not taken a position on $MPLN given I like fast growth stocks, however this looks quite interesting. This stock has recently been institutionally shorted and in a way kind of hammered by a small blog/activist firm. Now, $MPLN is about to release earnings extra early tomorrow. This might be a good buy entry opportunity. I do think a possible short squeeze can happen given what the market's reaction was today. That said, do your own due diligence, proceed with caution and invest at your own risk. Everything I say is on an opinion based basis.
NYSE:MPLNLong
by gamer456148
2