Simply looking to retrace and continueAn area of consolidation here as it looks for a revival, possibly a false flag before a breakout, but it is overwhelmed, and any attempt at a breakout could be considered too good.
1CI trade ideas
A lot of indicators against this looking for correctionThe Bears are still firmly in control. Also, remember that it hasn't beaten its last high; the LS and BOS oscillators are overbought, and it will find its firm place.
CI in Sell ZoneMy trading plan is very simple.
I buy or sell when at least two of these events happen:
* Price tags the top or bottom of parallel channel zones
* Money flow spikes beyond it's Bollinger Bands
* Price at Fibonacci levels
So...
Here's why I'm picking this symbol to do the thing.
Price in selling zone at top of channels
Stochastic Momentum Index (SMI) at overbought level
Money flow momentum is spiked positive negative and over top of Bollinger Band
Target is lower channel around $288
Looking for a breakout swing on CI!🔉Sound on!🔉
📣Make sure to watch fullscreen!📣
Thank you as always for watching my videos. I hope that you learned something very educational! Please feel free to like, share, and comment on this post. Remember only risk what you are willing to lose. Trading is very risky but it can change your life!
CIGNA Stock Chart Fibonacci Analysis 010825Trading idea - Entry point > 270/61.80%
1) Find a FIBO slingshot
2) Check FIBO 61.80% level
3) Entry Point > 270/61.80%
Chart time frame: D
A) 15 min(1W-3M)
B) 1 hr(3M-6M)
C) 4 hr(6M-1year)
D) 1 day(1-3years)
Stock progress: C
A) Keep rising over 61.80% resistance
B) 61.80% Resistance
C) 61.80% Support
D) Hit the bottom
E) Hit the top
Stocks rise as they rise from support and fall from resistance. Our goal is to find a low support point and enter. It can be referred to as buying at the pullback point. The pullback point can be found with a Fibonacci extension of 61.80%. This is a step to find entry level. 1) Find a triangle (Fibonacci Speed Fan Line) that connects the high (resistance) and low (support) points of the stock in progress, where it is continuously expressed as a Slingshot, 2) and create a Fibonacci extension level for the first rising wave from the start point of slingshot pattern.
When the current price goes over 61.80% level , that can be a good entry point, especially if the SMA 100 and 200 curves are gathered together at 61.80%, it is a very good entry point.
As a great help, tradingview provide these Fibonacci speed fan lines and extension levels with ease. So if you use the Fibonacci fan line, the extension level, and the SMA 100/200 curve well, you can find an entry point for the stock market. At least you have to enter at this low point to avoid trading failure, and if you are skilled at entering this low point, with fibonacci6180 technique, your reading skill to chart will be greatly improved.
If you want to do day trading, please set the time frame to 5 minutes or 15 minutes, and you will see many of the low point of rising stocks.
If want to prefer long term range trading, you can set the time frame to 1 hr or 1 day.
Cigna (Extended Hours) | Chart & Forecast SummaryKey Indicators On Trade Set Up In General
1. Push Set Up
2. Range Set up
3. Break & Retest Set Up
Notes On Session
# Cigna (Extended Hours)
- Double Formation
* 370.20 USD | Trend Line Configuration | Subdivision 1
* 314.55 USD | Trend Line Support | Entry Settings | Continuation
- Triple Formation
* Pattern Confirmation | Reversed Bias & (Neckline)
* Retracement | Areas | (1) & 0.382)) | Subdivision 2
* Daily Time Frame Survey | Subdivision 3
Active Sessions On Relevant Range & Elemented Probabilities;
London(Upwards) - NYC(Downwards)
Conclusion | Trade Plan Execution & Risk Management On Demand;
Overall Consensus | Sell
CI looking to reverseCigna Group did experience a very high valuation leading into this dump for insurance stocks. Technically it has traced past the golden fib and past a macro support trend. With a broadening BBWP you will notice increased volatility, I also note a bottoming stochastic RSI. I am personally not interested in this company long term but would have a hard time not seeing it bounce to 320$ in the near future.
$CIcoming up on a 4 year trend line, looking to get into 6/20 350c if we see it hold up. Had a hard time finding alot of open interest on the longer dated strikes.
CI Get FlushedSince quad witching (June 21st) NYSE:CI has been getting beaten down vs other names within its sector, this flow order came in targeting the $317.50 strike and was bought above the ask (this shows urgency). This is a very smart order because of the way they went about placing their trade. They are targeting a new low which the latest low was Feb 6th. Momentum is also in our favor which adds more fuel to the fire. I want to position into puts when the order is discounted 50-60%.
Will There Be a Third Test? CIAn idea suggesting a massive downward move completing a downward support line.
I have posed this pattern before on SPX.
If it does break down the green down line will be the recovery point.
Cigna Has Pulled BackCigna hit new record highs in March. Now, after a pullback, some traders may see opportunities in the health insurer.
The first pattern on today’s chart is the March low around $330. CI has held that level for more than a week, which may suggest support is in place.
Second, the current stabilization is occurring at the 100-day simple moving average. That may reflect a bullish trend over the longer term.
MACD is also starting to turn up. That may reflect increasing bullishness over the short term.
Finally, CI jumped after its last three quarterly reports, which each beat estimates. (It failed to hold after the most recent.) That could suggest investors are positive on its fundamentals.
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Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors.
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Box on $CIThe hourly chart is set to move higher if the bullish crossover will be confirmed.
Bullish Alert already popped out and price action already made its move
Cigna Squeezes After Sharp RallyCigna isn’t usually a very interesting stock. However, it jumped last week and some traders may see the potential for more upside.
The first pattern on today’s chart is the bullish gap on December 11 after the health insurer cancelled its planned merger with NYSE:HUM Humana. (Management will instead spend $10 billion on stock buybacks.) Share volume hit the highest level in over four years, while its 17 percent gain represented the biggest price surge since February 2009.
Second is the November 24 peak around $290. CI held that level last Friday and Monday. Has old resistance become new support?
Third is the falling trendline since the initial jump. The resulting tight consolidation pattern may create potential for a breakout and continuation of the initial thrust.
Fourth, the longer-term trend may have changed in September when the 50-day simple moving average had a “golden cross” above the 200-day SMA.
Finally, the last quarterly report on November 2 featured better-than-expected results and higher guidance. Now that investors can stop worrying about the merger, will they focus more on CI’s individual fundamentals?
TradeStation has, for decades, advanced the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more.
Important Information
Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options, futures or cryptocurrencies); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors.
Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission (“SEC”) and a futures commission merchant licensed with the Commodity Futures Trading Commission (“CFTC”). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association (“NFA”), and a number of exchanges. TradeStation Crypto, Inc. offers to self-directed investors and traders cryptocurrency brokerage services under federal and state money services business/money-transmitter and similar registrations and licenses.
TradeStation Securities, Inc., TradeStation Crypto, Inc., and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., all operating, and providing products and services, under the TradeStation brand and trademark. TradeStation Crypto, Inc. offers to self-directed investors and traders cryptocurrency brokerage services. It is neither licensed with the SEC or the CFTC nor is it a member of NFA. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit www.TradeStation.com for further important information explaining what this means.
Cigna Bull CaseI like using classic patterns. I like to keep things simple. I used to throw a million indicators on a chart and thought it was helping. But now I do not. I may use RSI, MACD, or a Delta Volume lower study. Other than that I only ever use a couple of moving averages, maybe VWAP on the chart above. But here I have used Fibonacci Triangle pattern to identify a long term trend on Cigna. This makes sense. As the health insurance market would cause the stock to stagnate during the summer and autumn months. In the USA, people are only enrolling in new plans for health insurance during the Winter and Spring. That is soon to come, and I will expect large profits for CIGNA in the coming months. I would personally buy a Diagonal Call spread on CI. I would maybe sell a call around the 350 strike for early december and buy maybe the 360 Strike on sometime in february. These diagonal positions allow you to profit from the favorable aspects of both the vertical and the calendar spread at the same time. If you go wide enough with them strike and date wise, it can be hard to lose on them barring a black swan event. Especially if you use a double diagonal, legging in with another on the other side of the option chain. This is similar to an iron condor, with a big difference, your risk is much higher but your actual likelihood of losing can be made to be almost non-existent. They are Vega and Theta positive. Which means that if volatility shoots up and price starts dropping on you, it gains value, allowing you to either adjust, or exit for a profit.
Bat and Crab on CIBearish Bat on CI
You can ride the journey on CD as the final leg of the bearish bat pattern completes.
TP1: 88.6 % of XA when the bearish bat pattern is complete.
If trend turns bearish at that point, CI can be shorted all the way down to 38.2% of AD and then to 61.8% of AD.
If the uptrend continues ie. beyond TP1, the pattern will then be a crab pattern. You can then ride the extended CD journey upwards. In this case TP2 = 161% of XA.
CI short positionCI looks bullish. The price remains in the channel.
We're expecting the price to reach the upsloping resistance line and will come back to retests the upsloping support.
Our strategy is to entry short when it occurs.
Invalidation of this thesis would be if the price closes above the upsloping resistance.
OverboughtLike many shares today the stock is overbought and a correction is long due. Yesterday we've seen a desperate attempt to reach the February high again. But neither this nor the January low could be reached again. The bulls have run out of velocity immediately. The upper range of the Donchian Channel is an additional resistance to be overcome for a continued rise. Yesterday we had opened with a window which is still open and has to be closed again. But I admit that the window may support the price for a little wile so that there may be 1 or 2 sideward days now.
All in all I support the idea of a correction to begin soon. The weekly Fibonacci levels and the VWAPs also support my idea,
By the way, if the day ends with a Hanging Man this will be a good signal for a beginning correction.
$CI with a bullish outlook following its earnings #StocksThe PEAD projected a bullish outlook for NYSE:CI after a positive under reaction following its earnings release placing the stock in drift A with an expected accuracy of 77.78%.
CIGNA Stock Chart Fibonacci Analysis 060823 Trading Idea
1) Find a FIBO slingshot
2) Check FIBO 61.80% level
3) Entry Point > 253/61.80%
Chart time frame : C
A) 15 min(1W-3M)
B) 1 hr(3M-6M)
C) 4 hr(6M-1year)
D) 1 day(1-3years)
Stock progress : A
A) Keep rising over 61.80% resistance
B) 61.80% resistance
C) Hit the bottom
D) Hit the top
Stocks rise as they rise from support and fall from resistance. Our goal is to find a low support point and enter. It can be referred to as buying at the pullback point. The pullback point can be found with a Fibonacci extension of 61.80%. This is a step to find entry level. 1) Find a triangle (Fibonacci Speed Fan Line) that connects the high (resistance) and low (support) points of the stock in progress, where it is continuously expressed as a Slingshot, 2) and create a Fibonacci extension level for the first rising wave from the start point of slingshot pattern.
When the current price goes over 61.80% level , that can be a good entry point, especially if the SMA 100 and 200 curves are gathered together at 61.80%, it is a very good entry point.
As a great help, tradingview provide these Fibonacci speed fan lines and extension levels with ease. So if you use the Fibonacci fan line, the extension level, and the SMA 100/200 curve well, you can find an entry point for the stock market. At least you have to enter at this low point to avoid trading failure, and if you are skilled at entering this low point, with fibonacci6180 technique, your reading skill to chart will be greatly improved.
If you want to do day trading, please set the time frame to 5 minutes or 15 minutes, and you will see many of the low point of rising stocks.
If want to prefer long term range trading, you can set the time frame to 1 hr or 1 day.
June Losers (CI, account down 0.95%)4th trade in June is NYSE:CI .
Holding period is 0 day.
Account is down 0.95%.
Total return in June is 1.83%.
"Cheap"Around the highs 2 years ago we seem to consolidate. Not so far away are the 3 year highs from 2018 until 2021. It is interesting that the stock could regain the Covid depression very fast and reach a new high. The rise after the Covid drop may be considered as corrected now as the bottoms of both channels, weekly and monthly, are reached. Thus I see if not the renewal of the uptrend so an upward correction much likely.
