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thecryptostefan
Jan 10, 2021 9:23 AM

CVS at resistance - looking for retrace to $70 Short

CVS Health CorporationNYSE

Description

CVS 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.
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