0KSX trade ideas
Quest Diagnostics // Buy Future Dip Notes on how I personally use my charts/NFA:
Each level L1-L3 and TP1-TP3 (Or S1-S3) has a deployment percentage. The idea is to flag these levels so I can buy 11% at L1 , 28% at L2 and if L3 deploy 61% of assigned dry powder. The same in reverse goes for TP. TP1: 61%, TP2:28% and TP3:11%. If chart pivots between TP's, in-between or in Between Sell levels these percentages are still respected. I like to use the trading range to accumulate by using this tactic.
Just my personal way of using this. This is not intended or made to constitute any financial advice.
This is not intended or made to constitute any financial advice.
FED Macro Situation Consideration:
All TP's are drawn within the context of a return to FED neutral-easing policy. I do not expect these levels to be reached before tightening is over.
NOT INVESTMENT ADVICE
I am not a financial advisor.
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DGX PUT ideaDGX is :
Current price: 139,91
1- in descending triangle
2- Low volume
3- SMA 200 reacts as resistance along with the descending triangle
4- EBITDA in decline except for Q1 2023
=> Put options for January 2024 open. no SL.
Counter trade:
1- Analysts target: 145
2- OBV/AD are trending higher
3- PE in average with sector
Quest Diagnostic Incorporated – Rare Stock with 30% Upside OpporIf you like this idea, please don’t forget to Boost it.
Fundamental Indicators:
Sector – Healthcare
US Business Cycle Stage – late cycle, when this sector is favourable
Revenue – consistently growing for the past 5 years, with 9% average annual rate
Profits – explosive growth until 2021 and slight reduction in 2022 TTM
Net margin – effective company with 15% margin
P/E – quite low with 10.8 ratio compared to S&P500 with 21 and Healthcare sector with 23
Liabilities - debt ratio is at 0.51 which is within normal limits, Net Debt/ EBITDA is at 1.28 – no problems with debt
Conclusion – highly effective company with low valuation, considering that this is a defensive sector in the late business cycle, it is likely to continue growth to update historic highs
Technical Analysis (Elliott Waves):
Main scenario of this idea suggests that we are still observing development of the global growth cycle which is currently at the stage of completing wave C of 3 in an Ending Diagonal pattern (see higher timeframe graph)
The key elements of this scenario are Contracting Tringle of wave 4 that lasted between 2006 and 2011m which reflects accumulation phase, and the final fifth which is taking a complex shape
This final fifth wave is clearly shaping up by a choppy movement which indicates formation of an Ending Diagonal (see guidelines for Ending Diagonals below)
Waves A and B of the zigzag have already formed and wave C is also near completion with the fifth wave just about to start
This may present a good long opportunity with a target of $174.16 – up to 30% upside
This is a higher timeframe to reflect the full history of Quest Diagnostic Incorporated and to provide full wave count:
This is the link to the guidelines for Ending Diagonals
What do you think about Quest Diagnostic Incorporated and its short term prospects?
Also let me know if you would like to see other stocks, indices, Forex or Crypto analysed using Elliott Waves. And BOOST this idea if you like it.
Thanks
ABC BullishPossible stop under C. Earnings tomorrow morning BMO.
No recommendation.
Larger numbers over price are targets 1. Smaller numbers are target 2. Often it is best to focus on Target 1 as targets 2 may or may not occur. Targets 1 may not occur anytime soon if they miss earnings in the morning )o: If we have a rainy day tomorrow in Mr. Market world, then a company can beat earnings and still go down. Lots of factors can come in to play I suppose and trading close to earnings can be risky.
$DGX with a neutral outlook following its earnings #BeststocksThe PEAD projected a neutral outlook for $DGX after a negative under reaction following its earnings release placing the stock in Drift D
If you would like to see the Drift for another stock please message us. Also click on the Like Button if this was useful and follow us or join us.
Buy Quest diagnostics Incorporated (DGX) at market openHello again traders
I bring you one of today's stock pick. Go long Quest diagnostics Incorporated (DGX) at market open. My strategy is to buy the dip and is been working guys. Price that is bouncing of support line also provides a good short term buy.
Stop Loss: 119.50
Target: 132.3