Stock Analysis:- Best Swing Trade Stocks Right Now – 2024: Molina Healthcare (MOH)
Trade Details:
- Date: Thursday, July 25, 2024
- Closing Price: $324.17
Molina Healthcare (MOH) is trading in a strong bullish trend. The stock price is consistently making higher highs (HH) and higher lows (HL) on the chart. On the weekly timeframe, the stock price is moving within a rising wedge pattern. The current scenario shows the stock price retesting its support zone around the $282 price level. We expect the stock to continue its bullish trend in the coming weeks. Ultra-high volume bars also indicate strength in the bullish trend. We plan to buy from the current price level to the previous high swing on the chart.
Note: If the price breaks and closes below $256, this bullish setup is invalid.
Buy Swing Trade Idea:-
Entry RANGE : $324 – $308
Stop Loss (SL): $255
Target 1: $400
Target 2: $425
Note: Always remember: risk no more than 1% per trade.” Keep trailing your stop loss to secure bigger profits.
Please note this is only an opinion and not financial advice.
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