Anthem Inc Stock Code ANTM.NYS
Outlook
Price moved below the cloud 5 days ago and Conversion and Base lines had a bearish crossover earlier, confirming the bearish trend. Two days ago, price also broke below its recent low, which could accelerate the down move. While below the cloud, price formed a bearish Flag chart pattern in the process. Two days ago, price broke below the Flag pattern. The target of this Flag pattern lies at $247.38. There is also a price support at $248.70. MACD is bearish at the moment with both its lines below the zero line. MACD and Flag pattern are both indicating a further price decline.
Strategy
$269.00 Short Sell
$248.00 Price Target
$280.00 Risk Management Stop
3 weeks Trade Duration
Nvidia Corporation Stock Code NVDA.NAS
Outlook
Price moved above the cloud 3 days ago, triggering a bullish trend. Price managed to stay supported above the Base line after gaping over 3 days ago. As long as this gap is not closed, the trend is likely to be bullish. Lagging Span is above the cloud, confirming the bullish trend. On the upside, the first resistance lies at $178.89. The next resistance lies at $189.89. Using the N wave projection, the Ichimoku target is at $193.69, which is near to the previous high. MACD has turned bullish and the slower line could be above to move above the zero line.
Strategy
$170.50 Buy
$193.50 Price Target
$160.00 Risk Management Stop
3 weeks Trade Duration
