CVS is at major resistance

Is CVS is at major resistance or poised for a breakout? CVS Health said Thursday it is raising it's dividend and that it expects the company’s earnings and revenue to grow in 2022.

Q4 2021 earnings consensus
eps = $1.56
revenue = $73.85B
p/e = 17.012
div/yield = 2.055

price levels on the 4hr chart
SMA200 = $87.01
SMA150 = $88.12
SMA100 = $89.72
SMA50 = $93.14

Trend channel
breakout = $98.63
R3 = $97.99
R2 = $96.32
R1 = $95.05
pivot = $93.93
S1 = $92.74
S2 = $91.55
S3 = $90.35
breakdown = $89.24

Do your own due diligence, your risk is 100% your responsibility. This is for educational and entertainment purposes only. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends...

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7pt Trading compass:
Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue
Earnings
Balance sheet

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+5% portfolio trades, capital risk management
Beware of analyst's motives
Emotions & Opinions
FOMO : bad timing
Lack of planning & discipline
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Wide screen monitor/s
Trading log (pencil & graph paper)
Big, organized desk
Reading books, playing chess
Sorted watch-list

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pi RSI - trend momentum
TTC - trend channel
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