💖CVS, Cheat entry of potential cup and handle formation
Might transition into a cup and handle but figured I'd try out what I see as a cheat entry on a cup here.
CVS has been making lots of new 52 week highs in the recent environment , which I find impressive. Also, its one of the few stocks that has been in green trading mode multiple times on my day trade strategy in the last several weeks while the market fell and seems like there is some strength from related names, which made it on the same day trade list making new 52 week highs lately ( AFL, CB, ANTM, WRB are the related names btw) . I like CVS the most for a swing though . Arguably , I suppose this are on the chart could be base # 2 of the uptrend too ...
Trade management :
Entry: $107.63
Stop Loss: $104.47
Initial TP: $ 113.92 , sell 33%
CVS has been making lots of new 52 week highs in the recent environment , which I find impressive. Also, its one of the few stocks that has been in green trading mode multiple times on my day trade strategy in the last several weeks while the market fell and seems like there is some strength from related names, which made it on the same day trade list making new 52 week highs lately ( AFL, CB, ANTM, WRB are the related names btw) . I like CVS the most for a swing though . Arguably , I suppose this are on the chart could be base # 2 of the uptrend too ...
Trade management :
Entry: $107.63
Stop Loss: $104.47
Initial TP: $ 113.92 , sell 33%
Trade closed: stop reached:
Stopped out on full position today
艾力克~