SLQT Bullish Continuation Setup!
📊 **Trade Setup Alert: SLQT**
🚀 **Entry:** $3.83
🛡️ **Stop Loss:** $3.63
🎯 **Targets:**
- **T1:** $4.06
- **T2:** $4.32
🔍 Bullish breakout potential from consolidation on the 30-min chart! Price action suggests strong upward momentum, with a favorable risk-to-reward ratio. Keep an eye on volume confirmation. 📈
#Trading #SLQT #StockMarket #BreakoutSetup #DayTrading
SLQT trade ideas
SLQT Bullish Pennant SLQT appears to be forming a bullish pennant near resistance which also coincides with the 1.618 fibonacci level.
The pennant is forming with increasing volume with the ADX signalling a strong trend with a value of 38. OBV confirms the uptrend.
Targeting the length of the "flag pole" from the breakout point for target 1 with target 2 at the gap fill level.
Target 1: $5.06
Target 2: $6.31
Stop: $3.46
Select Quote LongRecent news has everybody on this stock. I see us crushing $13 this week. GOt in at $9.85 and going sell half my position at $13. This has been a hype stock for me and I don't plan on holding it long term. Although 30% gains are remarkable I'm just slowly trying to build up my portfolio.
SelectQuote - Strong buy after -44%SelectQuote Stock Drops on Earnings Miss and Analyst Downgrades
SelectQuote shares drop after the insurance company misses earnings estimates, prompting rating downgrades and price cuts from analysts.
Shares of SelectQuote (SLQT) fell sharply Thursday after the insurance agency’s fiscal fourth-quarter earnings missed estimates, prompting rating downgrades and price target cuts from analysts at RBC and KBW.
Shares of the Overland Park, Kansas., fell 44.04% to $8.03.
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The 44% is on our opinion way overdone. Daily RSI is around 15.
DBD + Stoch 1W Trade EntryLooks like SLQT is providing a good entry point, near historic lows, and a long upside according to point of control. The next earnings are bound to bring us some volatility and possibly a catalyst. I'm in it with November calls as of today. My biggest concern is overall market fundamentals and the fact that I have to keep my position relatively small.
Not advice, just for entertainment. Technical trades may provide possibilities, not probabilities.
SLQT longBidding green area
SelectQuote, Inc. is a technology-enabled, direct-to-consumer distribution platform that provides consumers with a transparent and convenient venue to shop for complex senior health, life and auto & home insurance policies from a curated panel of insurance carriers. The company operates through three business lines: SelectQuote Senior, SelectQuote Life and SelectQuote Auto & Home. The SelectQuote Senior provides unbiased comparison shopping for Medicare Advantage and Medicare Supplement insurance plans as well as prescription drug plan, dental, vision and hearing and critical illness products. The SelectQuote Life provides unbiased comparison shopping for life insurance and ancillary products including term life, guaranteed issue, final expense, accidental death and juvenile insurance. The SelectQuote Auto & Home provides unbiased comparison shopping platform for auto, home and specialty insurance lines. The company was founded on August 18, 1999 and is headquartered in Overland Park, KS.
Selectquote is looking interesting after forming triple bottom NYSE:SLQT is close to breaking out of the triple bottom pattern, long the break of 24.36$ level to target the sell zone between 27$ and 27.77$ then 31.66$. Stop a bit far away ideally at 16$.
Hit the like button please if you find this useful :)
This is only my own view and not financial advice, do your own analysis before buying or selling
Happy Trading!
**SLQT (NASDAQ) - *Day Traders Setup @22.11* - TradeGod_1708**Here is a small short with spike into 22.11 and onto the 1.618 in green to make a new low for wave A being a terminal impulsion and then continuing into a long position up to the 1.618 level before retracing slightly and moving up further to the origin of wave a, again retracing slightly and making new highs.
I would suggest for today, to make a market order @ 22.11 stop buy.
Set your TP to 23.63 and enjoy the ride.
Remember after you hit TP to await completion of retracement and buy on its low up to TP 24.00.
Alternatively hedge the retracement.
Feel free to ask any questions and/or need any help with this trade setup.
Good luck, not that its needed haaa...
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.