CVS to $78 | Buying $78 call if CVS stays around $74 or $73 Looks like CVS is hovering just above the oversold area & MACD is showing a downtrend. Looks like it's getting set up for a rebound to the $78 level. I'm going to use the 0.618($73.94) level as a guideline to place my call. Also, I'm going to wait to see the lines nearing a cross on the MACD as a reversal in the squeeze momentum indicator.
Let me know if you guys agree with this analysis. :)
