MOH Molina Final Price Target Hit 35% Profit, Setting Up Again

As I’m working on cleaning up the official trade ideas on the site (moving those that either hit the final price target or suggested stop to the archives), I wanted to point out that after hitting the final target (T3) for a 35% profit (as covered in the trade ideas video around that time), MOH (Molina Healthcare Inc) immediately reversed with a powerful drop & the stock now looking primed for the next bear market rally.

However, not an official trade, at least not just yet, as I think the odds of QQQ & SPY breaking down below the recent trading ranges in the coming days/weeks are fairly good. If so, that will likely drag the majority of stocks down with the indexes, so I’m being a bit selective on new long trades at this time. Previous & updated daily charts of MOH below.