CVS consolidation near long term supportCVS is consolidating on a trend line support and is currently in a double top formation, breakout or breakdown may lead to a good move after the consolidation period is over.
4CVS trade ideas
Sunday Prep 10/10 - $CVS Still like this Weekly Chart for SwingStill really like this weekly chart for a swing. Reminds me a lot of the $DISH chart with the big cup and handle forming. Just trying to position in there on dips so that if this decides to start making that push I can scale into the swing. Looking for a weak open and scoop opportunity around 82.9 which is close to the monthly pivot and the 61.8% retrace from the recent push into the underside of the 20d.
Sunday Prep 9/19 - $CVS Love the Look of this Weekly ChartLove the look of this weekly chart. Currently holding the weekly 20sma as well as the breakout area from this retest of the cup.
Would either look for a flush into low 84s for an opp to scoop an opening flush or would look to buy dips if we break over Thursday’s highs.
