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NASDAQ:CERN The stock has been recently pulled back to strong support level at 68 Following last rebound, #CERN managed to break downward trend line RSI moving away from oversold territory MACD sloping up Entry price USD 70.88 1st TP USD 73.32 2nd TP USD 75.50 SL USD 67.60
Retracement to EMA 1000 and rebound, inside pitchfork channel in uptrend and in bullish zone in fib retracement. Target 96 USD.
BO in Feb 2020 failed because of COVID. now the daily chart shows bullish triangle. because the range is so big >$20, I'm only willing to bet on the breakout by using OTM leap call
Rectangles are a period of consolidation and targets up or down are not valid until the rectangle trendline is broken Mid Rectangle (MR) can be a stop whichever way you go Some like to swing trade inside of the rectangle Other patterns can form within if prologed I do see S at 71ish, but also at the bottom of the rectangle Just an observation
CERN had a great earnings which I believe will let this company finally break the 75.50 resistance. It is showing great momentum, with technical indicators pointing towards a "buy" on the stock. CERN is in the S&P500 and is rating a "strong buy" on tradingview.
This has tapped this upper trend line multiple times and looks like it wants up.
CERN brokeout of its 4 months symmetrical triangle in today's session. i alerted to this chart pattern setting up back on July 29th. Took an entire month before the breakout took place. here is the post from the 07/29
Ascending triangle Pros R/R ratio almost 8 Descending volume PPS above 50MA and 200MA 250MA above 50 No resistance above 80,32$ Cons RS belox 0 and flat 200MA flat/ascending If confirmed PT1 = 75,93 PT2 = 80,32 PT3 = 84,18 Could go higher, no resistance
This chart shows an Ichimoku bullish crossover confirmed in a channel. It's my opinion that the price will break the upper support. It saw resistance today, but the resistance will yield. Lagging span (black line) is above the kumo cloud. Conversion line (blue) crossed above the red base line price is above a greem kumo cloud. I would expect to see resistance...
Wait for breakout asc tri. and make entry on the pullback
NASDAQ:CERN has formed a 3 months symmetrical triangle consolidation chart pattern. The price has tested the upper boundary multiple times and looks ready to breaking out. A daily close above the triangle sloping line will trigger the next leg up in the stock. Keep it Simple!
Hey guys, CERNER CORP is in a bullish push on an oblique support, with low buying volume if buyers are still in the swing, it is plausible who will look to come on the last precedent higher. Please LIKE & FOLLOW, thank you!
Strike: 77.50 Expiration: 6/19/2020 Number of Calls: Too Many Number of Puts: 20% of Too Many NASDAQ:CERN