Cigna Trading Analysis (23/09/2024)
The trend is ascending. The stock is trading in the range between 365 and 135 EMAs. The downward truncated wave structure finished with the breach of the sloping channel. There is bullish divergence on the Awesome Oscillator., and the Stochastic Oscillator signals an oversold condition.
Trading idea:
- Sell at the breach of 358.30.
- Stop-loss at 352.00.
- Price targets at 365.45 and 370.00.
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