I'm very bullish on MCK and their 2020 plan. The drug distribution company is selling off due to FDA issuing warnings to all distribution companies for shipping "illegitimate" opioid products. I encourage you all to look at the software side of MCK's business and the McKesson 2020 plan.
As for the charts, Daily TD 9 from Tone Vay's TD indicator + an inverse head and should forming.
. . . . . . . . . . . . . . . . . . . . . P.S: America Will Never Be a Socialist Country.
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Update: Given uncertainty in markets and moment moving downward for drug distributor stocks, here are some levels I will be allocating my orders at.
Trade closed manually
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Well damn that really went downhill fast lol. Turns out Purdue Pharmaceuticals might be filing for bankrupcy and its hitting all pharma distributors hard. I'd say give it some time and don't be in a rush to enter this trade. Here are my original buy targets.
Trade active
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Still holding a position with a trade price of $119.05. I really jumped the gun on buying the daily TD 9.