Hi guys! This is a Technical analysis on CVS Health Corporation (CVS) on the 3 day timeframe.
We discuss some Current developments on CVS, which maybe pointing to signs of potential opportunity to invest/ hold CVS.
We've had a deathcross that has brought us down more than 38%.
Which has lead us to a critical support trendline that has acted as support since...
a little change from my last post... very bullish given the price point, and earnings have indicated they've beat almost every one so far with a huge jump... hopefully a little clearer of time frame and given that CVS is trading at 84 after hours, looking pretty wound up
for risk-takers this for you, CVS Health Corporation is an American healthcare company that owns CVS Pharmacy, a retail pharmacy chain; CVS Caremark, a pharmacy benefits manager and Aetna, a health insurance provider, among many other brands. The company's headquarters is in Woonsocket, Rhode Island.
By looking at the company file we got this
total...
CVS really likes testing this rising, upper trend line. It's reversed every time it has crossed it, but it keeps coming back for more. We seem to be heading back now, as an inverse head and shoulders appears to be forming, and it's on the verge of breaking out of it's local trend line, while starting to curve upwards. MACD supports a reversal here. RSI supports...
CVS is going to be administering the first wave of vaccines, we could see breakout of the this falling wedge and see some bullish momentum, over 75 FOMO will kick in.
Key levels:
Resistance: 73.49, 74.55
Support: 71.08, 69.18, 67.30
My plan:
Safe: 80C 1/15
Lotto: 75C, 80C 12/18
