CVS showing a gartley pattern. While I don't usually go in for harmonics on stocks, there's a lot of confirming signals here. Plus it just broke major support. Short this baby! Look for anywhere between a $65 and $75 target depending on your timeframe and general trading strategy.
CVS is in a healthy downtrend and broke through the 200sma with strength. The RSI peaked with the prices retraced. Prices are now retracing with 34EMA and 200sma resistance. In addition, the 2nd leg of the retracement will be found @ 85.7. Multiple areas of resistance confluence. Target a move to $80.50 for first profit stop and move to breakeven.
Hourly chart of $CVS consolidating after the earnings breakdown and subsequent follow up
If CVS opens in the red zone, should be bearish on a day trade. If it opens in the green zone, should be bullish for a day trade. Other wise, sideways...still...
CVS has a NBC today, failing the 10/20 emas and volume increased nicely. PLUS 100 has crossed the 200 SMA bearish.
Nice bearish retest gap. We lost a bit on CENX.. .trailing CL right now. The longer this trades sideways, the better but I like it.
$CVS Levels. *Short on a break of 98.40 * Longer term Short * Target 1 : 80.0 * Target 2 : 75. Nice bearish MA cross 8/21 on weekly
CVS Health Corp buy limit 112.75 stop loss 111.11 profit trgt 116.06 safe trades ; open.spotify.com
Canceled - REPORT just at day 4 CVS Health Corp buy limit 112.62 stop loss 112.04 profit trgt 113.66 Safe trades; open.spotify.com spotify:track:4oOt3H9dmRTgnLNQRgq1b5