Long base Cup and Handle forming for CVS. Has high free cash flow yield. Forming the handle and watch if it falls or stay at 1/3 or 30% limit from highest price level.
Now at limit of 84.82. Can't go lower to qualify for Cup and Handle. Note the high volume on weekly so likely to move up. Continue to monitor.
Now at limit of 84.82. Can't go lower to qualify for Cup and Handle. Note the high volume on weekly so likely to move up. Continue to monitor.
Note
Please DYDD. Not financial advice. Earnings 8 Feb. Risk manage.
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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.