CVS trading range getting tight

5 gru 2023

CVS looks like it will be breaking out of this tightening range soon. Starting forming ~12 weeks ago. This one could go either way, so wait for the break. My bias is to the long side given the other indicators.

6 gru 2023

Uwaga

Nice breakout on volume. Let's see if we get followthrough. Would not be surprised to see a retest of the trend line.

7 gru 2023

Uwaga

This continues to work. Next resistance is ~$77. The 50 will soon cross the 200 which will be another confirmation signal.

14 gru 2023

Zlecenie aktywne

Moving into a key area that has been a challenge in the past. If it can clear here, it should be a high probability into the mid 80's.

21 gru 2023

Uwaga

CVS held up well in today's extreme volatility. I still like this into the mid 80's.