The_Patterns_Guy

#CVG #Short #Stock

Short
NYSE:CVG   None
On the daily chart you can see a nice H&S setup. Indicators are mixed. However, I would enter the stock with firm stop above right shoulder.


Weekly
Does not look as good as the daily. OBV is up. Stoch RSI is oversold and MACD is up. Trend is also up. However there is a large complex H&S.

MONTHLY
MACD looks to be setting up for a down move. OBV looks to be rolling over, STOCH RSI looks to be rolling over. Trend however is slightly up.

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