0HRS trade ideas
CVS Update Bullish overall Ranging now!!!Hi my charts are complex but to help you understand it i will start by telling you that the green lines are levels of support..The red lines are levels of resistance and the orange line is the overal trend..Remember the trend is your friend. The yellow rectangle is the Price tube where the price is moving sideways or breathing. I feel after this breather price will continue the trend by breaking up!!! Always remember I am by no means a financial advisor.
CVS - Has it reached the end of its decline?Using Wyckoffian Logic to Determine a Potential Turnaround;
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CVS AND POLITICS IS NOT A HEALTHY MIX FOR INVESTORS It has been a horrendous few years for CVS but it may be the case that the correction is over. The political influence has not subsided and may intensity as the election campaign steps up. Democrats will use healthcare as a major campaign topic, which was the case when Hillary Clinton took aim at drug pricing. Mr Trump will probably stick to the blueprint that worked for him in the past, focusing on security, economic prosperity and "make America great again". From a technical perspective, the stock has possibly completed the wave 4 supercycle correction, it has hit the .618 fib perfectly , tested it and now ready to move higher. Indicators have all made positive reversal and in particular Momentum, which is a leading indicator. The middle Bollinger band is now holding the stock down, a move above would be a very positive buy signal.
AVERAGE ANALYSTS PRICE TARGET $69.50
AVERAGE ANALYSTS RECOMMENDATION OVERWEIGHT
HOLD 9
BUY 17
COMPANY PROFILE
CVS Health Corp. engages in the provision of health care services. It operates trough the following segments: Pharmacy Services, Retail or Long Term Care, Health Care Benefits and Corporate. The Pharmacy Services segment offers pharmacy benefit management solutions. The Retail or Long Term Care segment includes selling of prescription drugs and assortment of general merchandise. The Health Care Benefits segment offers traditional, voluntary and consumer-directed health insurance products and related services, including medical, pharmacy, dental, behavioral health, medical management capabilities. The Corporate segment involves in providing management and administrative services. The company was founded by Stanley P. Goldstein and Ralph Hoagland in 1963 and is headquartered in Woonsocket, RI.
Quadruple bottom!!!!!!! What the ___ ? I don't think I've ever seen this. Either, BUY BUY BUY!!!
Place your stop accordingly
CVS - Ready to Go Up? Price action is showing a nice support that was tested many times and held up nicely. RSI is showing a divergence as well. We could see prices moving up from here.
Buy CVS as it retests supportRock bottom P/E, high 3.8% yield and bouncing off support with and excellent plan to drive same store sales growth.
CVS BreakdownCVS is showing signs of further breakdown with increasing volume through most recent downtrend. The volume accounts for the highest relative volume over the past 7 years and it has accumulated through the last 3 months of the downtrend. This is a further bearish signal.
CVS testing support after a good earnings reportTheir situation post merger is materially better. Last q gave an exciting insight of things to come with Revenue growth.
Buy on support
CVS to fill earnings gapCVS with positive EPS gapping up with a gap and go. Resistance at start of gap down from previous missed earnings.
CVS- EQUILIBIRUM - LONG TERM TO THE UPSIDEOutlook:
- Currently in an Equilibrium
- buy zone: 52.14-53.06
- Stop loss: below 51.74
- R:R ratio: 3.84:1
- 1st target: 57.55
- 2nd target: 65.26-69.74 (long term target)
Dead cat bounce or breakout?Strong move off the bottom today on fundamentals.
Looks to be at resistance now. Next stop $62.
Potential Position (Con.) - Weekly Interval - CVSHello Successful Traders,
The stock (CVS) presents that the overall trajectory is positive (bullish), while evidently there may have been infiltration towards the south-side. Considering that current PA (Price Action) levels are hovering above Support Level 1 (Zone). Be considerate and acknowledge that this may be a false breakout and could simply push northward.
Resistance Level 2 - (106.00 - 107.50) 1.50 cent interval
Resistance Level 1 - (83.75 - 85.00) 1.25 cent interval
Key Price Zone (KPZ) - (70.00 - 71.50) 1.50 cent interval
Support Level 1 - (52.00 - 53.50) 1.50 cent interval
Furthermore, current Quarterly earnings (10-Q) manifest robust implications for a further uproar in PA (Price Action).
Not Investment Advice. For Educational and Analytical Purposes Only. (Be Conscientious and Stick To Your Trading Plan)***
-LionGate
$CVS Triple bottom playing outThe tripple bottom i spotted is playing out nicely, some little but safe % have been made, tomorrow earnings :D
The trio of deathWith one of the largest aging populations in world (baby boomers) and rampant drug addictions. These three retail pharmacies are recession proof. $RAD $WBA $CVS- All 3 retail pharmacies showing similar patterns and weakness.
