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Analysis: #NYSE $CMI

Case 262 #Cummins Inc.

DISCLAIMER: The analysis is strictly for educational purposes and should not be construed as an invitation to trade.

#CMI 1/4
Chart 1
Weekly Chart: The long term #trend is still bullish - the failed attempt to break above the #cluster and all time high of 194.18 set in 2018 led to a strong reversal, smashing through weak hands but then running into .....

CMI 2/4
..... major #support on the 2009 #trendline combined with the #Fib 0.50. The monthly #SMA 200 is currently at a distant 91.14.

CMI 3/4
Chart 2
Daily Chart: Price has exploded higher breaking Dec. 2019 trendline #resistance, leaving an unfilled gap behind. The long term target is 209.00-214.70 but we need to see a close above 185.50.

The #Strategy is printed on the image.

$CMI 4/4
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Related hashtags

#NYSE #Cummins #CMI #trend #cluster #support #trendline #Fib #SMA #resistance #Strategy

More from @malteseinvest see all

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malteseinvestor
@malteseinvest
Analysis: #NASDAQ $SWKS

Case 266 #Skyworks Solutions Inc

DISCLAIMER: The analysis is strictly for educational purposes and should not be construed as an invitation to trade.

#SWKS 1/4
Chart 1
Monthly Chart: Since 2015 price action has been trapped in a $65 range, the inability to break away cleanly and close above the #trendline #resistance (currently:124.50) continues to hamper upside progress - monthly close above is .....

HWKS 2/4
..... required for 144.60 then 166.15. The long term trend is #bullish and strong #supports are between 53.00-45.00.

HWKS 3/4
Read 4 tweets
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malteseinvestor
@malteseinvest
Analysis: #NYSE $HUM

Case 265 #Humana Inc.

DISCLAIMER: The analysis is strictly for educational purposes and should not be construed as an invitation to trade.

#HUM 1/4
Chart 1
Weekly Chart: The losses suffered in Feb. 2020 have been reclaimed and #bulls are currently attempting to get a foothold above 384.25 - a 2 day close above will target 405.90 quickly, the main objective being .....

HUM 2/4
..... 460.10. Failure to close above 384.25 and subsequent break 343.60 would set sights on 300.00-287.20. The major #support zone is 198-156.70.

HUM 3/4
Read 4 tweets
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malteseinvestor
@malteseinvest
Analysis: #NASDAQ $ANTM

Case 264 #Anthem Inc.

DISCLAIMER: The analysis is strictly for educational purposes and should not be construed as an invitation to trade.

#ANTM 1/4
Chart 1
Weekly Chart: The all time high of 317.99 was recorded in Feb. 2019 and from then price action was confined to an $80 range. Last month's strong move down took price way past the bottom of the range, traded below the #SMA 200 (first time since .....

ANTM 2/4
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