Price also formed an AB=CD pattern and bounced back up off the 50% retracement of the impulse wave up..
Price is now above the neckline which is almost exactly on the 38% retracement.
H&S patterns are not valid without a clean break of the neckline.
This one looked like it was going to sink and a bullish pattern saved it for now.
Price is above the 20 and the 50 DMA.
Short interest is around 3%. Short ratio approximately 7.6
Earnings 8-25 before market opens. It does not look like CRVL has a history of earning beats.
No recommendation. Short with break of neckline and a clear downtrend.
Price is now above the neckline which is almost exactly on the 38% retracement.
H&S patterns are not valid without a clean break of the neckline.
This one looked like it was going to sink and a bullish pattern saved it for now.
Price is above the 20 and the 50 DMA.
Short interest is around 3%. Short ratio approximately 7.6
Earnings 8-25 before market opens. It does not look like CRVL has a history of earning beats.
No recommendation. Short with break of neckline and a clear downtrend.
Note
Correction: Earnings estimated to be 8-2-22
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.