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 you look at the bottom of the chart you will notice that we have a rising MACD signal. And we have a nice, rounded bottom. I’ll look to add to my position if it can continue to improve in price. All TBD. Ideas, not investing / trading advice.
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 you look at the bottom of the chart you will notice that we have a rising MACD signal. And we have a nice, rounded bottom. I’ll look to add to my position if it can continue to improve in price. All TBD. Ideas, not investing / trading advice.
노트
Wow, just 5 minutes after posting this big sell orders hit the tape. I will follow my plan and hold unless we close under the 20 EMA. This could very easily be a false breakout... all TBD.매매 수동청산
This is not acting well so I have decided to exit the trade and look at it again next week. I'm out at a $0.03 loss per share.
Ideas I publish are my own. They are not meant to be investment / trading advice. You are encouraged to do your own due diligence.
I am under no obligation to post any action or update to any idea.
Follow me on "X" where I post more content.
I am under no obligation to post any action or update to any idea.
Follow me on "X" where I post more content.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
Ideas I publish are my own. They are not meant to be investment / trading advice. You are encouraged to do your own due diligence.
I am under no obligation to post any action or update to any idea.
Follow me on "X" where I post more content.
I am under no obligation to post any action or update to any idea.
Follow me on "X" where I post more content.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.