Description of Chart :
CAH has been in some what of a channel range from April 2015 until now. Currently we are in the top half of that channel and starting to breakdown. I am taking a short on resistance looking for at least a touch of the centre channel line (shown in pink). This could take until October to complete so is a longer term play. Take a small...
CAH is ready for a quick push back up. Meeting R3 and riding the lower band gives direction for this fundamentally strong company. A quick bull call spread could yield profits.
MY TECHNICAL ANALYSIS SHOWS THAT THIS STOCK PRICE WILL RISE AND FUNDAMENTAL ANALYSIS SHOWS THAT THE FIRM IS IN GOOD SHAPE ===THERE IS SOME RISK BUT I AM THINKING THAT MANY TRADERS LOOK TO INVEST IN THIS SECTOR AND CAH WILL TAKE THEIR ATENTION - IT HAS DIVIDEND YIELD NEAR 2% AND DEBT IS ALMOST LONG TERM , THE FIRM HAS GOOD CURRENT RATIO, GOOD P/E AND P/B IS NOT...
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.
Initially had nice follow through after failure test 5 FEB but then shot back up. My original mental stop was going to be high of failure test but it looked like rising strongly. Got out with ~ 1$ loss. Lesson learned? Get out on strong counter move to my prediction.
