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"...
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...
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.
