Hi guys! This is a Technical analysis on CVS Health Corporation (CVS) on the 3 day timeframe.
We discuss some Current developments on CVS, which maybe pointing to signs of potential opportunity to invest/ hold CVS.
We've had a deathcross that has brought us down more than 38%.
Which has lead us to a critical support trendline that has acted as support since...
CVS Health Corporation consistently going up with convergence on rsi scale and with good volumes .
the price can break 1st resistance after a small drop and can reach 0.6 fib levels where a sell must be initiated
NYSE:CVS released news today that Blue Cross of CA will no longer use them for prescription management. As a result, we have a big sell-off which may be overdone. TBD. I am looking at this as a potential U&R. I have it measured against the most recent lowest low of $66.34. I have an alert set crossing over $66.40. If that triggers and on a 5-minute chart and it...
CVS is at buying level.
Your chance to get in.
Don’t stay in below $72.
Get out when you want to collect some $$$.
Price target $85.
Will see how market perform.
I would trim some $ at $80 and check on SPY performance at that level.
If uptrend stays strong, run it up to $90 - $100
CVS Health Corp (CVS) presently testing breakout resistance, able to contain weekly buying pressures. From here (CVS) can fall back to recent lows, eliciting losses of 15% over the following 1-2 months. A settlement below a near-term channel bottom would accelerate this potential selloff. Inversely, if a settlement above breakout resistance occurs, this would...
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 2023-9-15,
for a premium of approximately $2.55.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking...
Aside from the scam close in June, today was the first close above the 50 sma since December of last year. Filled the gap from that day today as well so I lightened my position into the close & bought some lotto puts in case the resistance wants to hold. Looking to add on any pullback if we get one. $90 by September opex would be sweet.
Getting down to the lower timeframes, CVS is looking ready to go soon. Price has been trading in this range for a couple months now. 9 ema crossed the 20 ema yesterday. I added on the dip today. Still looking for a multiple month run up on this name as long as $66 holds.
CVS has been beatdown over the last few months but seems to have found a strong support around the 66-67 area and has been trying to stay above the 70 range. It recently gapped back down under 70 because of NASDAQ:WBA (Walgreens) poor guidance. If it can beat this key level and bounce of this support and its moving averages then we can expect CVS to reverse the...
Like the setup here. Added a starter position on some calls today with multiple expirations. Looking for this month to finish right around where it is now to form a doji candle. If this happens, I'll add to my position looking for a move back towards the 0.618 fib of the decline (~$90) in the coming months. Will ditch the position if we get a daily close below...
The PEAD projected a neutral outlook for NYSE:CVS after a negative under reaction following its earnings release placing the stock in drift D with an expected accuracy of 50%.
Back on April 6, 2023, I posted a NYSE:CVS chart as it was looking like a breakout then and I started a small position. It quickly failed the that day, and I was out. Fast forward to yesterday June 1 and I determined it was breaking out of the long term down trend again, so I added a starter position. It’s following through today, so I’ve added more and brought...
Blue solid lines are established downtrends, green dotted lines are established uptrends. Both the uptrend and downtrend lines are established from equilibrium points, (not highs and lows). Thickness of lines illustrates strength of previous price action. Circles are the crossing of uptrend and downtrend (Crossfire Points), usually resulting in reactions.
