Cigna Trading Analysis (03/10/2024)
The trend is ascending. The stock is trading in the range between 365 and 135 EMAs. The downward wave structure is truncated. There is a bullish divergence on the Awesome Oscillator and a bullish divergence on the Stochastic Oscillator.
Trading idea:
- Buy at the beginning of the formation of the ascending wave structure, when wave A breaks the sloping channel of the descending truncated structure.
- Stop loss at 339.65 below the local minimum of the descending structure.
- Price targets at 355.00 and 370.00.
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