Long @ 71.96 for a speculative bounce to the 20DMA (yellow line)
1/2 position.
It is speculative because of how oversold this name is and it looks like a double bottom. Could also be a complete breakdown in price, thus the tight stop.
Long Call Options
Reversal candle on the 30 minute.
Entry: 73.05
Target: 76USD gap fill
Stop Loss: 72.80 (tight stop)
Risk/Reward: 1 / 11.8 on a share basis (much higher positive return R/R with options leverage)
Multi-Week swing trade. CVS is forming a potential Cup & Handle on the daily time frame.
Because of the upcoming ex-dividend date, it will be dividend adjusted.
Entry: 74.40 (White line support)
Stop: 73.90
PT: 83.89
Risk to Reward (R/R): 1:18.98
Trade Duration: several week hold
-Daily timeframe Cup & Handle Set-Up for a multi-week swing trade in to...
Risk to Reward (R/R): 1 to 13.61
Got my limit order filled this morning after waiting for 4 trading days. Trading with limit orders at larger time frame support eliminates any impulsive buying on a dip. The market must take me in at a desired price for my participation. There's always a designated entry, stop and minimum of 1 price target.
Limit Order: 75.10 (20...
First in full disclosure, I started a small position in this name today.
Despite having a downgrade today, the price is improving. As noted on the chart, CVS has been in a downtrend since December of 2022. It looks to have broken out today. In addition, we have 3 short-term MA’s turning up which also makes a good stop loss area. Volume has just been so so but if...
Since the last trade, we've been waiting for some signal to get back in. This may be early, but I'm ok averaging down to 63 if needed. With insulin changes coming, expect huge uptick in foot traffic in CVS. Also many new hype drugs/eldery boomer care coming on the market for, Weight loss, Alzheimer's, over the shelf hearing aids.
As you can see using the Nadaraya-Watson indicator, every time it closes under the bottom of the envelope or above the envelope, it makes a full move in the opposite direction. I would not be surprised to see CVS move back up to around $92-93 in the next month, month-and-a-half.
After breaking down the channel and breaking the first support area CVS is approaching really strong buy Area.
I expect the stock to rebound there and have a nice 2 to 1 ratio buy opportunity.
* 𝗧𝗵𝗲 𝗶𝗻𝗳𝗼𝗿𝗺𝗮𝘁𝗶𝗼𝗻 𝗮𝗻𝗱 𝗮𝗻𝗮𝗹𝘆𝘀𝗶𝘀 𝘀𝗵𝗮𝗿𝗲𝗱 𝗶𝗻 𝘁𝗵𝗶𝘀 𝗽𝗼𝘀𝘁 𝗶𝘀 𝗻𝗼𝘁 𝗳𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝗮𝗱𝘃𝗶𝗰𝗲. 𝗔𝗹𝘄𝗮𝘆𝘀 𝗰𝗼𝗻𝗱𝘂𝗰𝘁 𝘆𝗼𝘂𝗿 𝗼𝘄𝗻 𝗮𝗻𝗮𝗹𝘆𝘀𝗶𝘀 𝗮𝗻𝗱 𝗿𝗲𝘀𝗲𝗮𝗿𝗰𝗵.
The PEAD projected a bullish outlook for $CVS after a positive under reaction following its earnings release placing the stock in drift A with an expected accuracy of 72.73%.
I think CVS has a stable net profit margin and top line. As well it have just formeda triple bottom with the price stabilizing above the 20-day moving average. Long!
