CVS - Weekly still downtrend in channel but close to reversal
Updated
On the weekly we still have a little to go to the bottom of the channel. When we hit 69.84 we'll possible see an uptrend to 79 with likely resistance at 76.83.
Trade closed: stop reached
Looks like CVS broke out of channel and broke support. Hit stop.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.