$CVS Weekly/Monthly Bull-flagEntered a few LEAPS this week and playing with common. This massive swing is ready for some crazy upside.
CVS trade ideas
CVS Nearing a Breakout?CVS chart looks similar to how it did in November 2011 which led to a 191% gain over about 3 years. I'll be watching in case it breaks out again.
$CVS SWING CVS is one of the few shares that have strong fundamentals and yet undervalued great swing from 67
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CVS at resistance - looking for retrace to $70CVS just hit prior resistance with a daily candle matching the previous peak. Not only that, WBA had a breakout of a massive downtrend, but the last two days formed a tweezer top so there is some bearish correlation here. I expect CVS to get rejected from here and move down to the bullish trendline at around $70.
Long Play on $CVSHi All,
I've entered a long position on $CVS.
I believe that COVID-19 vaccine distributions throughout Q1 and Q2 will aid $CVS with additional revenue, giving them the ability to further scale and efficiently grow at a rapid pace.
They are currently sitting at ~ $97B market cap- I expect an additional $40B - $50B of revenue to be added to their income statement ending 2021, accounting for just Q1 and Q2 alone. 328 million people strictly in America need to be vaccinated, COVID will be treated just like the flu- in terms of yearly shots to the doctor or health provider.
I'm entering a long position until my $91.64 limit order hits. GLTA!
I am not a financial advisor, my posts are my opinions and mine only. Please do your own due diligence as well before investing.
New Trend is hereI entered a few weeks ago and pretty confident it made a turn around. You're welcome. GL trading!
CVS Inverse Head and Shoulders3y chart of CVS has been an inverse head and shoulder
The fair market value of this stock is around 90, which is a 30% upside.
The Inv Head and Shoulders + The vaccine being delivered throughout the year, could see 90+ by the end of the year
CVS swing trade ideaCVS swing trading plan :
MACD crossover on the the 4H from a healthy level.
RSI still under 50 : huge potential upside.
67 range is a major volume shelf support and the monthly support.
Levels to watch : 67.08 / 69.28 / 71.50
Price is above the 10MA on both
Reversal and long term continuation Been a frustrating wait but it still seems valid that the chart shows short term daily reversal (pending confirmation )
and a long term uptrend since the company has been around.
Who knows when it will move. its been dropping for one week already.
Anyone else in this laggard ? Perhaps Amazon's recent move really scared everyone away.
I want to believe but...I love everything around CVS right now. The story around vaccine distribution, its p/e ratio vs other consumer discretionary picks, its p/e ratio vs the previous 5 years, but can and will it ever settle above $75 for a true breakout? If not, this channel tells me we are headed back to $50...yikes
Long | CVS NYSE:CVS
Possible Scenario: LONG
Evidence: Tristar Bullish Candlestick
It's my idea and could be wrong 100%
CVS to the moon! CVS is going to be administering the first wave of vaccines, we could see breakout of the this falling wedge and see some bullish momentum, over 75 FOMO will kick in.
Key levels:
Resistance: 73.49, 74.55
Support: 71.08, 69.18, 67.30
My plan:
Safe: 80C 1/15
Lotto: 75C, 80C 12/18
