CVS Health Trading Analysis (16/09/2024)
The trend is descending. The stock is trading in the range between 365 and 135 ЕМА. The upward truncated wave structures finished with the breach of the sloping channel. The Stochastic Oscillator signals the overbought condition. The breach of 57.44 level will start the formation of the descending wave structure.
Trading idea:
- Sell at the breach 57.44.
- Stop-loss at 58.27.
- Price targets at 56.62 and 55.73.
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