CVS Health Corporation ( NYSE:CVS ) stock price nosedives to its lowest level in three years, sending shockwaves through the market. The pharmacy chain's dismal performance in the first quarter of 2024 has rattled investors, with shares plummeting over 12% in premarket trading.
The root cause of CVS Health's ( NYSE:CVS ) precipitous decline lies in its...
Scenario 1: M top, we'll go to $40
Scenario 2: stay in wedge until bullish breakout.
Scenario 3: stay in wedge until bearish breakout, goes to $40
feeling bearish on it.
*this is not financial advice*
In this video, I draw random lines on the chart to prove a point. I think we need to ask ourselves the following questions to become better traders:
How will I define support and resistance consistently ?
How will I use support and resistance in my trading?
Do I need support and resistance in my trading?
Is support and resistance a reliable measure for...
Analyzing the options chain and the chart patterns of CVS Health Corporation prior to the earnings report this week,
I would consider purchasing the 75usd strike price Calls with
an expiration date of 2024-2-9,
for a premium of approximately $1.00.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Hi fellwos, first of all sorry for the bad audio. Due to internet problems i had to reupload the video which is not easy on tradingview.
In this video we will talk about how important closes of candles are, when trading with trendlines!
As always, this is for eductional purpose only and NOT a recommendation for any live positions ;)
A price action below 80.00 supports a bearish trend direction.
The target price is set at 75.00 (between the 38.2% and 50% Fibonacci retracement level).
Notice how the 200-week acted as major resistance.
The stop-loss price is set at 83.00.
A bearish MACD crossover (see the lower panel) conformed a change in trend direction.
This crossover also occurred in...
CVS looks like it will be breaking out of this tightening range soon. Starting forming ~12 weeks ago. This one could go either way, so wait for the break. My bias is to the long side given the other indicators.
Fashionable Analysis of CVS Stock Trends: A Parabolic Turn on the Horizon
Introduction:
In the realm of financial fashion, CVS stock is set to make a stylish entrance with a parabolic turn, showcasing a strong formation on the 4D timeframe. This trend is marked by the elegant falling wedge pattern and the chic double bottom overlapping patterns, following a...
CVS Health is introducing changes to how its prescription drug pricing model works, and that could lead to some savings for customers starting next year.
The health care giant said Tuesday that it will roll out a new reimbursement model designed to make costs more predictable at the drugstore counter. The company will start offering it next year to some...
CVS Health Corp. revised its forecast for revenue in 2024 upward to 366 billion USD. In addition, the issuer announced an increase in dividend payments by 9.9%. Such moves boost the attractiveness of the company's shares; moreover, the inevitable emergence of new diseases promises increased sales for CVS Health.
So, today, we decided to look at the CVS Health...
CVS Health, facing the potential for deeper industry consolidation, lifted its 2024 sales forecast and boosted its quarterly dividend.
CVS Health (CVS) - shares jumped higher Tuesday after the group boosted its quarterly dividend, while forecasting stronger-than-expected 2024 sales. The health-care and drugstore group looks to streamline its broader business...
Price consolidating at the end of this diamond pattern at this historical support that was resistance from 2015 to 2020. Can play both ways depending on which way it'll break. Weekly bearish divergence on MACD.
Not financial advice!
NYSE:CVS Fighting to get back to the top of the broadening formation. Be cautious since it can pull back for retest.
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