CVS Short
Zaktualizowano
CVS. 3 consecutive lower highs at a significant inflection zone (105-110 area which were peaks/resistance levels created in 2015 and 2016) and now potentially the first lower low is about to be made. The trend is changing. Higher highs and higher lows since the covid crash and now for this first time we are seeing lower highs and now as of today potentially a lower low (unless a miracle happens and it closes back above resistance by end of the day). Shallow retrace targets are on the chart (38.2%-61.8% retracements from the covid low in march 2020 to the high at end of last year). If this is a full reset type of bear market though, most likely the 78.6% (~$65) retrace and 88.6% (~$59) retrace will be hit in time. Additionally, the RSI is in the bearish control zone and is not oversold yet. There is no indication that the selling is over at all.
Uwaga
The one good thing still going on is that the price is above the purple 200ma there on the chart. But, other than this, nothing is good about this chart at all anymore.
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