Nice break out of a short term downward resistance line in what is an overall bullish channel backed by supporting home and building data out of the US. If we can settle above $47 I think we see $55 area.
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
Seems a perfect "Cup and Handle" pattern has formed with volume less and less along the handle. Not trading advice . Let me know what you think
Just an idea not trading advice. Seems PLTR forming a perfect "Cup and Handle" here with volume less and less along the "handle". Let me know what you think.