Support Levels approaching

202
$250 could potentially be a good opportunity to pick up Elevance. We are moving towards that level and I will be patient here as the downtrend is strong. The stock is representing deep value here and insiders agree as the CEO is been acquiring shares.

The stock has dropped 50% since it's recent highs. The sector is under extreme pressure, this is the time to be looking for opportunities. We are close to hitting a Fibonacci support trendline which has held up since 2009.

I'm keeping a close eye on this one.

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