McKesson Corporation
Long
Updated

$MCK - Inverse Head & Shoulder Setup with daily TD 9

216
I'm very bullish on MCK and their 2020 plan. The drug distribution company is selling off due to FDA issuing warnings to all distribution companies for shipping "illegitimate" opioid products. I encourage you all to look at the software side of MCK's business and the McKesson 2020 plan.

As for the charts, Daily TD 9 from Tone Vay's TD indicator + an inverse head and should forming.

.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
P.S: America Will Never Be a Socialist Country.



Note
Update: Given uncertainty in markets and moment moving downward for drug distributor stocks, here are some levels I will be allocating my orders at.
snapshot
Trade closed manually
Well damn that really went downhill fast lol. Turns out Purdue Pharmaceuticals might be filing for bankrupcy and its hitting all pharma distributors hard. I'd say give it some time and don't be in a rush to enter this trade.
Here are my original buy targets.
McKesson - $MCK Buy Targets
Trade active
Still holding a position with a trade price of $119.05. I really jumped the gun on buying the daily TD 9.
Note
Jesus this was a shitpost

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.