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RizeSenpai
Aug 20, 2023 9:25 PM

CAH: Bearish Crab with PPO Confirmation on the Weekly Short

Cardinal Health, Inc.NYSE

Description

Cardinal Health has traded up to a Macro Supply Line which happened to align with the BAMM Target of a Bearish Crab and from there we formed MACD Bearish Divergence and got the strongest form of PPO Confirmation, as a result I now expect that we will begin a very deep retracement back down similarly to how Strongly CVS has responded to its own topping pattern which can be seen in the Idea Below:
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