CVS

Discussion in 'Stocks' started by peilthetraveler, Mar 8, 2019.

  1. Think we've seen rock bottom on this? $53 seems like a bargain.
     
    ground zero likes this.
  2. Nobert

    Nobert

    i would look for long entrence only if breaks 55, then pyramiding way up, other than that, has it found support, or am i missing something ?

    What makes you to think that, it's the bottom ?

    Thanks.
     
  3. When RSI gets close to 20, I start looking to enter a trade. Especially with a stock where the drop is based 90% on fear and 10% of fundamentals. Not unlike what happened with MO. I was happy to pick up shares at $44 on that one. Got in ALMOST at the very bottom. I was a day late on that one.
     
    Nobert and Clubber Lang like this.
  4. Nobert

    Nobert

    Hmnnn, i see, thank you for sharing Traveler.
     
  5. I agree with Traveler. The low RSI and trading well out of the trend channel, seems like a good trading opportunity. I would look for a retracement to about $58.5, sell half and see if the other half can make it to $61 and exit the position. Not interested in the long term because I don't like the balance sheet, and way to many stores that just seem to do marginal business.
     
    Nobert likes this.
  6. Thanks for the initial heads up Traveler !!!
     
    peilthetraveler likes this.