EquityCast

Cigna for a Trade @ 253.50

Long
EquityCast Zaktualizowano   
NYSE:CI   The Cigna Group
30 minute strong reversal candle close

Entry: 253.50 (support)
Stop loss: 252.90

Levered with long call options. No hedge against it.
Zlecenie aktywne:
bull flag in play with the breakout imminent. indicators (MacD & RSI) are turning upwards. This is why I never ever trade the mathematical indicators because they are a LAGGING function reflective of past price action/candlestick patterns and are not reliably accurate to make real $ decisions. Candlesticks & patterns + algo-driven support/resistance areas which can be drawn out manually from prior times the stock was trading in the same range (per my chart) are the most important things.
Zlecenie aktywne:
3 white soldiers pattern on the 30 minute chart. The full-blown reversal is well on its way and a decoupling from UNH.
Zlecenie aktywne:
CI Dragonfly doji daily candle close with a W bottom setup. Screaming buy fundamentally compared to peers as well with a sub 11 forward P/E. Holding on tight to these calls for a big bounce.

Zlecenie aktywne:
Still holding the call options. They are long-dated. I am a big fan of buying time when speculating with options.

Cigna printed a dragonfly doji yesterday and an inverted hammer today which is a classic bottoming reversal combo. It means bears pushed the stock down hard yesterday to find where demand liquidity was, the bulls then pushed the stock back up all day and ended right near where it opened (Very bullish). Today the bulls made a push to the upside but were not able to take control of the trend yet from the sellers (thus the price was pushed back down in the second half of the day).

I expect this to bounce violently over the next 2-3 weeks in to earnings.
Komentarz:
Zlecenie zamknięto ręcznie:
Closed out calls for a small gain. Will be replacing them with shares instead soon.
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