Peet_Serfontein

CNC: bouncing from its 200-day?

Long
BATS:CNC   Centene Corporation
A price action above 73.00 supports a bullish trend direction.
Increase long exposure for a break above 76.00.
The target price is set at 79.00 (its 23.6% Fibonacci retracement level.
The stop-loss is set at 71.00 its 78.6% retracement).
The price action seems to be bouncing from its 200-dau and 200-week simple moving averages. This can support a bullish long-term trend direction.


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