Peet_Serfontein

CVS - finding support at the 200-month simple moving average?

Long
NYSE:CVS   CVS Health Corporation
Investing idea. Time to exit +/- August 2020.
Is the share finding support around 49.65 which is its 200-month simple moving average?
The share recently crossed above its 8-month simple moving average. First signal in 8 months and an early indication that internal strength is developing within the share.
Bullish Heikin-Ashi trend change. First signal in the last 7 months.
The increasing trajectory of the OBV (On-Balance Volume) is supporting a bullish bias.
Retracting from RSI oversold territory.


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