Elevance (ELV) just took a 12% hit after Q2 earnings missed estimates and full-year guidance was cut significantly. But here's the thing—the selloff may be overdone. The stock now trades at a forward P/E of ~10, well below industry peers, and is approaching multi-year support levels.
📥 Entry Plan :
✅ Entry 1: $302.45 (market price)
✅ Entry 2: $285 (historical support zone)
✅ Entry 3: $250 (capitulation panic level)
🎯 Target Levels:
TP1: $330 – recent gap zone + psychological resistance
TP2: $360 – key horizontal + potential MLR rebound narrative
TP3: $400 – longer-term recovery level, aligns with prior institutional range
🔔 Follow me for more deep-value setups, smart risk-reward trades, and weekly strategy posts!
⚠️ Disclaimer: This content is for informational and educational purposes only and does not constitute financial advice. I am not a financial advisor. Always do your own research and consult with a qualified professional before making any investment decisions. Trading and investing involve risk, including the potential loss of capital
📥 Entry Plan :
✅ Entry 1: $302.45 (market price)
✅ Entry 2: $285 (historical support zone)
✅ Entry 3: $250 (capitulation panic level)
🎯 Target Levels:
TP1: $330 – recent gap zone + psychological resistance
TP2: $360 – key horizontal + potential MLR rebound narrative
TP3: $400 – longer-term recovery level, aligns with prior institutional range
🔔 Follow me for more deep-value setups, smart risk-reward trades, and weekly strategy posts!
⚠️ Disclaimer: This content is for informational and educational purposes only and does not constitute financial advice. I am not a financial advisor. Always do your own research and consult with a qualified professional before making any investment decisions. Trading and investing involve risk, including the potential loss of capital
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