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 trade ideas
$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%.
CVS Double TopInitial analysis seems to show a double top. No current knowledge of any underlying catalysts but not a fan of it bouncing off resistance. Refer to historic resistance and supports for points to get appropriate puts.
$CVS - What MO should look like eventuallyCVS is a perfect example of what we should expect in MO. Be smart and follow suit.
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2/27/22 CVSCVS Health Corporation ( NYSE:CVS )
Sector: Retail Trade (Drugstore Chains)
Market Capitalization: 136.895B
Current Price: $104.30
Breakout price: $104.50
Buy Zone (Top/Bottom Range): $104.40-$100.45
Price Target: $100.40-$102.00 (reached), $112.80-$113.90 (2nd)
Estimated Duration to Target: 107-112d (2nd)
Contract of Interest: $CVS 6/17/22 105c
Trade price as of publish date: $5.20/contract
CVS Health (CVS) - Entering Short Setup With Good Risk/RewardFrom a price action perspective, CVS has entered a good risk/reward zone for a short entry. I'm scaling into a short here.
Earnings watch 2/9 pre-marketEarnings watch 2/9 pre-market:
CVS
CGC
TEVA
YUM
MSGE
LAD
CCJ
PFGC
HMC
PERI
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...
*3x lucky 7s of trading*
7pt Trading compass:
Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue
Earnings
Balance sheet
7 Common mistakes:
+5% portfolio trades, capital risk management
Beware of analyst's motives
Emotions & Opinions
FOMO : bad timing, the market is ruthless, be shrewd
Lack of planning & discipline
Forgetting restraint
Obdurate repetitive errors, no adaptation
7 Important tools:
Trading View app!, Brokerage UI
Accurate indicators & settings
Wide screen monitor/s
Trading log (pencil & graph paper)
Big, organized desk
Reading books, playing chess
Sorted watch-list
Checkout my indicators:
Fibonacci VIP - volume
Fibonacci MA7 - price
pi RSI - trend momentum
TTC - trend channel
AlertiT - notification
tickerTracker - MFI Oscillator
www.tradingview.com
CVS to the MoonCVS has earnings coming up on 2/9 and they should crush earnings. CVS is currently undervalued so it should go past its all time high here soon which is why CVS calls are the play here 2/11 or 2/18
$CVSAppears to be a C/H approaching 2016 highs and shortly after ATH's. Earnings Nov 3 could give this thing the boost.
NYSE:CVS
Take two on CVS Health Corp. CVSI got carried out by a misplaced invalidation last time. Republishing this idea updated, as the resonant pattern still stands for a high chance of a drop. Fib targets have been adjusted for time passed. NFA
Immediate targets 99, 95. Invalidation at 111
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe
CVS shortThis stock has a rising wedge, the market is literally nuking, this one is gonna hit . SHORT
CVS Health corporation might have a heart attack. CVSDivergent, resonant, overbought pattern in our periscope. Highly, highly confident of a drop on this one.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe!
Why are CVS receipts so long?CVS has an interesting look to it. On one hand the recent rally got over extended and profit takers sold. The 50MA held an bounced CVS back to technical uptrend on EMAS. However i am not fully convinced. Since its a neutral play there is 2 scenarions. Bullish EMA continues to hold as support can take calls on the EMA support and ride back up to 107.46. Problem is emas are tight so support can be weakish. Bearish scenario would be EMA break sends it to 102.98 near 50MA can bounce here a break there would be ideal short play to ride down to 98.77.
CVS might be ready to start a correctionThat's what EW pattern is telling us now; a correction might be quite possible; after all, CVS had a great bull run during 2020 & 2021.
More analysis must be done in the following days to better reference.
Feedback and comments are welcome.
This is not financial advice
