Thread by @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

..... 2012) and rebounded strongly on #Fib 0.50 and 2015 peak with long term #trendline #support further down.

ANTM 3/4

Chart 2
Daily Chart: A two day close below 235.60 is #bearish. A break below 158.50 will expose the vacuum and target 132.70-130.00

The #Strategy is printed on the image.

$ANTM