CVS trade ideas
CVS: A Long Term Ending Diagonal followed by a leading Diagonal were correctly counted. What was not expected was the 5th wave of the Leading Diagonal extending past the Top Rail. Nonetheless, expect a small drop to retest the top rail breakout and if it passes, wave (III) should take CVS to new heights.
CVS - trade setupHere is another one to setup on your watch list. Set the alert to break this support and then ride it down to the 200MA on the monthly chart. Set it and let it play out.
If it works it works. If it never triggers oh well.
CVS breaking out of long downtrendback testing recent break of downtrend. back test forming inverse head and shoulders.
$CVS The Winner of Retail PharmacyAscending triangle in the making
RSI and MACD are sells right now
Look for a drop in the next few days to 77 within the ascending triangle range, then up and out from there
Fundamentally, CVS is one of my favorite companies. It will transform the healthcare space (overview below)
CVS officially closed on its Aetna deal over the last few weeks.
Most are unaware of the implications of such a deal. CVS now owns a health insurer, PBM, thousands of pharmacies, and quite possibly the most important piece that most are unaware of, their minute clinics located within stores.
When you need to see a health care professional, you can now walk into a CVS, get diagnosed, pick up your medication, and be billed through the same plan. Because of this one stop shop, CVS as a whole can begin to offer health packages for these conveniences at a much better rate than competitors since their costs will drop tremendously. They can pay their health care professionals a salary, rather than a diagnosis code that is much more expensive and variable to say the least. PBMs typically take a large cut, but CVS already owns Caremark .They own each piece of the healthcare chain that used to take a cut of profits. If CVS can get the internal workflow together, CVS will run the next generation healthcare space.
$CVS INTO THE GAPLOOKING FOR PULLBACKS TO GO LONG CVS
IDEALLY FILLS GAP AND PULLS BACK TO SUPPORT AND ALLOWS US TO GET LONG
WEEKLY CHART BULLISH
78.10 TO GAP AT 78.70
ADD OVER 80.60
CVS HEALTH CORP. (NYSE:CVS) - D1* Some indicators are looking bullish on D1.
* Target 1 is on fibo. retr. 0,5 . (If price breaks out the 73,29)
* Target 2 is for closing GAP's window.
#NYSE: $CVS has some UPSIDE left, HOWEVER proceed w/ CAUTION!#NYSE: $CVS has some UPSIDE left, HOWEVER proceed w/ CAUTION! #BullTrap
CVSGap should close at 65. Fib trend at Nov 5th. Earnings on the 6th. Should then recover and return to 79. Should wait for confirmation of $68-65
Short CVS because Bear WedgeVolume trend looks good. Pattern looks good. Recent volume is heavily below where we are.
CVS: (Long) MACRO FIB Resistance Speed & FIB Retracement Analysis from March 2000
For Educational Purposes Only
CVS: (Long) FIB Retracement & FIB ResistanceFIB Retracement Origin: 113.65 (07/29/2015)
FIB Retracement Destination: 60.14 (03/27/2018)
FIB Resistance Origin: 60.14 (03/27/2018)
FIB Resistance Destination(s): 79.97 (09/20/2018); 90.00 (Analyst PT 9/17/2018)
For Educational Purposes Only
CVS: (Long) FIB Resistance Speed [Layered] Origin Price(s): 60.14 (3/27/18); 63.04 (6/28/18); 72.82 (09/05/18)
Destination Price(s): 79.97 (09/20/18); and, 90.00 (Analyst PT 9/17/18)
For Educational Purposes Only
Rising rendIt is not seen at the first view but the fork is showing it already: With the current breakout we started a new uptrend.
CVS- Wave 5 target at 75.49. Picture perfect Leading diagonalwith perfect touches for waves 1~4, MACD just starting bullish climb, 200 ma turning upslope and clear skies.
CVS putsFor CVS I see a pattern on daily view
Inside bar At Upper BB then the fall
A Good entry might around 71.30 tomorrow or above assuming everything is OK.
As they like to delay the pattern recently Aug24/31 68 puts will be Good. As for You to be Quick ITM 71 puts Will be Good too
CVS Long IdeaShould have posted this sooner, but have been shot down several times this year when getting constructive on this name
-CVS may finally be ready to break out
-The stocks been stuck for most of 2018; falling backwards each time it's attempted a run, usually due to some headline (Amazon getting in the space for example)
-Strong earnings and fundamental story; cyclically resilient business
- Still trading at less than half its historical PE
CVS Bounced Nicely Off Support, Potential To Rise Further! CVS bounced off its support at 63.28 (76.4% Fibonacci retracement, 100% Fibonacci extension x2, multiple swing low support) where it could potentially rise up to its resistance at 67.58 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing high resistance).
Stochastic (89, 5, 3) bounced off its support at 3.6% where a corresponding rise could occur.
