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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
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Related hashtags

#NASDAQ #Anthem #ANTM #SMA #Fib #trendline #support #bearish #Strategy

More from @malteseinvest see all

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malteseinvestor
@malteseinvest
Analysis: #NYSE $HON

Case 268 #Honeywell International Inc.

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

#HON 1/4
Chart 1
Weekly Chart: The steep and violent decline from Jan. 2020 has created long term damage to the #uptrend - the last time price traded below the SMA 200 was back in Oct. 2011. Formidable #resistance is .....

HON 2/4
..... seen at 156.50 - 164.30 while strong #support lies at 82.45 (#pivot) and 75.75 (current: Monthly #SMA 200).

HON 3/4
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malteseinvestor
@malteseinvest
Analysis: #NASDAQ $HOLX

Case 267 #Hologic Inc.

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

#HOLX 1/4
Chart 1
Weekly Chart: A violent reversal was seen since recording the all time high of 55.25 - the constant failure to close above 57.00 caused a loss of momentum and price crashed through multiple #supports wiping out 50% of .....

HOLX 2/4
..... all gains. Long term buyers were positioned at the #Fib 0.618 at 26.86 with the monthly #SMA 200 at 25.61 and price has recovered strongly. Closes above 52.16, 54.32, 57.00 are required to target 65.50

HOLX 3/4
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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
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