Malte (@Malte123) on getquin

3Wk·

Are there any chart technicians here who are currently $CVS (+1.49%) currently?

I'm not familiar with it but saw on Instagram (mine at WLA?) that there is a support zone at ~USD50/€45 that you could use if you want to invest aggressively.

Any opinions on this?

7 Comments

Sansebastian@Sansebastian

3Wk

There are currently no signs at all of going in there! The last low at 52$ was undercut, which is not a good sign. If this turns out to be a double top in the long-term chart, then it will go a whole lot lower

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BamBamInvest@BamBamInvest

3Wk

Will be exciting, there was high insider buying at the end of November. The news situation is generally very bad in the healthcare sector. But could also go in the opposite direction very quickly if the legislative initiative with the spin-off does not materialize, or if they are allowed to continue operating as pharmacy benefit managers.

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Lorena@Lorena

3Wk

Phew, I find it rather difficult with such a downtrend without signs of a trend reversal. The last high was a few years ago.

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Edge@Edgeaktiv

3Wk

I have an alarm at 40$. This is the next support level and there are also large order blocks and many options. Alternatively, wait another 1 year until a bottom has been formed. At the current level an entry makes 0 sense.

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Rmann@Epi

3Wk

After the double top, you can extend the distance from the top to the neckline downwards in order to obtain a price target of approx. 25$.

Have fun with the slide! 😁

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Yoshika@Yoshika

3Wk

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