CVSInside month at support after forming a flag over the past few months. Above last month's high could see new ath this year imo. Bearish below $90.
CVS trade ideas
Possible cup and handle pattern in $CVSA cup and handle pattern may be developed in $CVS as we have have retraced to the .382 ratio in what appears to be the handle. I have a short term resistance in the 96.57 area. I'll very interested if we can trade above that area with force. Let's see how this plays out.
CVS Descending Channel on Weekly Chart
The "Decending Channel" pattern was identified on the weekly chart.
A "Double Bottom" pattern was identified on the daily timeframe, however, price failed to go higher. A closer look at recent price action and we have confirmation of resistance becoming support (see level 93.62). Though this is true, it is best to wait for a break of structure before placing a trade to the upside.
On a final note, the 21 MA crossed up the 9MA on Friday, July 8, 2022. Also, the RSI and volume indicator made higher lows and higher highs on the same timeframe.
Personally, I will enter a swing position lightly at the break of the trendline. I will also consider a secondary play action to include a break above 95 or 96.
Thanks for reading,
MrALtrades00
#SuakuFlowsWatchlist - 6/30/22#SuakuFlowsWatchlist
Expiry: 1/7
$CVS 95C > 94.25 | 93P < 93.11
$KO 64C > 63.11 | 62P < 62.43
$MA 327.5C > 326.11 | 317.5P < 318.41
$ORCL 70.5C >70.09 | 68.5P < 68.78
All OBIB setups, looking primed for a move. Suggest against going too far OTM.
Scale out when comfortable.
$CVS to the downsideBearish
- Broke down upward trend line
- Price below 200MA
- MA forming death cross
- Declining momentum on the momentum theory indicator. Foresee turning red soon !
- PEG ( Price/Earning-Growth ) ratio looking at above 2 = overvalued !
Bullish
- Nil
- Nil
CVS ShortIn downtrend
Previous Support became resistance
Earning 8/10/2022 Estimate 2.16
Short 95.5
Stop 97.5
Target 90, 85
Risk management is much more important than a good entry point.
I am not a PRO trader.
In my trading plan, the Max Risk of each short term trade should be less than 1% of an account.
28/4/2022 NYSE (CVS)Short (Entry Price) below the black line and exit (Stop Loss) above the red line. Can take profit at the suggested Target Price.
Entry Price: $100.72
Target Price: $99.41
Stop Loss: $102.91
Short $CVS from 106,46CVS has broken it's uptrend and was rejected close to ATH all the way back from 2015. Hope is that it will re-visit top of new down trend channel and we enter a short from there:
Target 95,29: Previous down trend low
SL 110,10 : Above second latest top - looking on the daily chart
I'm short using CFD's
$CVS with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $CVS after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 62.5%.
#SuakuFlowsWatchlist - 5/10/22#SuakuFlowsWatchlist
$CVS C > 100.15 | P < 98.37
$DASH C > 71.70 | P < 63.32
Other tickers I reviewed that didn't make the WL - $WBA and $ETSY.
Scale out above 20%.
CVS Currently Offering Another Short OpportunityThe CVS short I posted in February turned out well. Here we see price retesting highs before a likely rejection. The difference now from February is that we are not just taking a trade off long term resistance, we are doing so after a downtrend has now been validated on the weekly. This is actually a better trade from a likelihood of successfully hitting PT1. Position size should be determined by the width of the stop loss. So, a stop at the high would justify a smaller position than a stop a bit lower.
earnings watch 5/4earnings watch 5/4:
MRNA
MRO
ETSY
EBAY
GNRC
UBER
CVS
GOLD
MARA
WING
Do your own due diligence, your risk is 100% your responsibility. This is for educational and entertainment purposes only. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends...
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CVS short CVS Broke through the lower boundary of a descending triangle. Failed to fall lower today so I would not be surprised to see it retest the previous support of $98.47 range. Target would be in the $86.55 range.
CVS ShortCVS. 3 consecutive lower highs at a significant inflection zone (105-110 area which were peaks/resistance levels created in 2015 and 2016) and now potentially the first lower low is about to be made. The trend is changing. Higher highs and higher lows since the covid crash and now for this first time we are seeing lower highs and now as of today potentially a lower low (unless a miracle happens and it closes back above resistance by end of the day). Shallow retrace targets are on the chart (38.2%-61.8% retracements from the covid low in march 2020 to the high at end of last year). If this is a full reset type of bear market though, most likely the 78.6% (~$65) retrace and 88.6% (~$59) retrace will be hit in time. Additionally, the RSI is in the bearish control zone and is not oversold yet. There is no indication that the selling is over at all.
CVS SHORT / LONG set upKeeping within trend, we should see a small correction to set up the C&H.
If we break out of trend (white lines) will reasses.
NFA, sharing my trading setups.
$CVS low risk, possible high rewardThis is worth the watch for me either way. CVS is at an interesting place. On the monthly, it did the 3-1-2 rev strat, then it reversed back up and triggered the 50% outside month. Then it rejected again. Ftfc is a bit mixed. Inside day and 3-2 4hr so it could go either way. For perspective on a ftfc thought process, a 2d on the week would push ftfc fully red on the month and quarter. The 2u on the 4hr could push it back towards the outside month trigger again. It has failed twice here so we could triple top, or continue to push out. I like the 4/29 100p or 107c for either direction. Nice risk/reward.
CVS.NYS_Swim Trading VZ Breakout_LongENTRY: 104.86
SL: 97.73
TP1: 113.50
TP2: 116.83
- ADX<20. Would like to be higher
- Maintaining at pivot point "P" and 38% fib level.
- 24 Feb 2022 shows some support prior to the rebound.
- Strength meter is green hence some strength.
- Entry based on breakout from VZ today but prefer it closed above.
💖CVS, Cheat entry of potential cup and handle formationMight transition into a cup and handle but figured I'd try out what I see as a cheat entry on a cup here.
CVS has been making lots of new 52 week highs in the recent environment , which I find impressive. Also, its one of the few stocks that has been in green trading mode multiple times on my day trade strategy in the last several weeks while the market fell and seems like there is some strength from related names, which made it on the same day trade list making new 52 week highs lately ( AFL, CB, ANTM, WRB are the related names btw) . I like CVS the most for a swing though . Arguably , I suppose this are on the chart could be base # 2 of the uptrend too ...
Trade management :
Entry: $107.63
Stop Loss: $104.47
Initial TP: $ 113.92 , sell 33%
Possibly cap and handle forming at CVS Volume decrease, near 52-week high, candle height decreases, handle forming, possibly breaking up at 109.
One down day CVSOne down day expected with CVS, After. Up candle a pattern continuation is expected, A red candle day this does not signify that it will drop just a down day.
$CVS with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $CVS after a Negative Under reaction following its earnings release placing the stock in drift D with an expected accuracy of 33.33%.
