CARDINAL HEALTH INC

NYSE

CAH

all seems to be ready to fly . perfect chart .

Potential $56+ #swingtrade

CAH is a beaten down stock that currently yields 3.64% (Pretty good). By no means, am I calling this "a bottom" because the stock has been deeply sold and I don't see any moving average or candlestick to say we are even near a bottom. However, the stock is at the 200 monthly average (this is good for first time buyers like me :P) as I am paying an "average price"...

Everyone is afraid of Amazon! I don't get it. Bought 300 shares of CAH Like no one is Ever going to walk into a Pharmacy, again. (?)

I would like to buy this stock under 50$ for a possible bounce

I think this stock is oversold and it will soon be time for a Bounce play , Salim Salam

The situation is similar to a trend reversal. Global (d1) we left the resistance zone 63$. So, we can see 70$

time to go long

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CAH might be pivoting into a Elliott wave 5.

If you check all of Earnings on weekly...they are all positive (amazing). If you trade a weekly option with CAH, I would go bullish, per big GAP noted on this chart<look what happen left side with last big GAP, it got filled in by going opposite direction (or bullish PA soon). Per RSI it is now under 30, or very oversold. PA has been sitting at a major support...

Buy CAH for dead cat bounce. CAH has a strong support at $70.

buy

CAH

CAH CALL

Depends on your timeframe. I just saw a John Bollinger video where he briefly touched on the idea that wide bands (seen on monthly) indicate the end of a move. While the daily presents a somewhat cup and handle formation, there is certainly resistance on the monthly. Just observation.