CENTENE Corp $CNC #CenteneCorp hit the resistance and may pull be back before it continues. Even though it broke down the trendline, the volume is low.
CNC
CNC - WEEK CHARTHi, today we are going to talk about Centene Corp and its current landscape.
Centene Corp is poised to receive increasing attention from the market as relevant events are taking place. The healthcare company can be benefited from the implied move that Congress will repeal three key Obamacare aspects related to the health industry taxes as part of fiscal 2020 spending bills. News that can boost Centene Corp next year.
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CNC - Nearing Target levelCNC was in a descending channel since the beginning of June. The stock was able to break out on October 22nd. It has since tested the previous resistance line & continued its bullish move.
The two green dashed lines mark potential price targets at the 61.8% & 100% Fibonacci Extension levels. The stock price closed around the 61.8% level yesterday & popped this morning on the open. The price has been pulling back since nearing that 100% level.
CNC centene Corp LONG SIGNALCNC has always bounce form the 200 weekly ma, currently shows a expanding triangle with bull div in all indicators.
CNC Stock Analysis Daily TimeframeThis stock originally found strong resistance at the Figure 100, which then turned into strong support. This led to a continuation to the upside and price is trending very well at the moment.
Ideally, we would like to see price continue with this bullish momentum to the upside, in the overall direction of the trend.
Hedge against your portfolio with CNC short @ break of parabolaCNC is a very strong, parabolic stock that can be used as a hedge against your long portfolio.
Do not enter position until weekly close below parabolic trend.
A hidden GemCND looks like it is forming what my friend Dan Jeffries likes to refer to as the Ultimate Crypto pattern - downtrend followed by sideways accumulation and then a pop up. It is still in the accumulation phase and I hardly see anyone in the space talking about it right now. Which tells me the Market Makers are still building their positions. This is your opportunity to build one with them and see the kind of insane profits the 2015-2117 Crypto investors saw. CND is currently bouncing against a stronger long term support from before the last big rise. Retraced almost the full value from its previous low, but has still formed higher lows. MACD has curved bullish in accumulation, OBV looks good with a sustained rise in buying pressure since the capitulation wick into liquidity. Holding value against BTC over the past few weeks. Stoch in a confirmed bullish trend with several higher lows. CMF bullish trend that has not broken positive yet. There is just a lot to like here.
Possible liquidity dips down to a double bottom - Price must hold above 750 sats
Watch out for a break of 820 sats - bearish continuation possible if this happens.
First target is 1600 sats but you can play it safe and collect profit wherever you want
From an FA standpoint a $1 token value is likely - currently $0.07!
-Total supply 2billion tokens. WItha $1 token value this product would only have a $2 billion market cap. Hybrid AI market analysis as good or better than systems used by Big Investment Banks and Hedge-Funds. ICO 6 months ago with consistent higher lows since. Token holding unlocks tiers of information from the system giving a real world use case and reason not to sell the token.
This is one of the many fantastic products being built in the Blockchain space right now that is going to make its early investors fabulously wealthy. Enjoy
This is not financial advice. I am not your adviser. These are my ideas and what I am doing. Sharing for educational purposes only.
SBUX- New Highs On Negative RS Divergence? Thanks Anyway 3-31 New Highs On Negative RS Divergence? Thanks Anyway, I'll Pass
Talk to me at a support level. A downside break of the green trend channel
support with conviction spells trouble in the short term.
Speaking of Negative RS Divergence,
Notice what happened to the most recent
highs that took place on Neg. RS divergence?
Its didn't last long before the stock rolled over from those highs.
So, look at my chart of CNC and you now know why I say
New highs on Negative RS divergence isn't a good thing. You want new highs with STRENGTH
not feeble pushes
For informational and educational purposes only
Trade at your own risk, these are not recommendations.
