CVS Health Trading Analysis (05/06/2025)
The trend is downward. The stock is trading within the 365-135 EMA range. The upward truncated wave structure ended with the breach of the sloping channel. The Stochastic Oscillator indicates an overbought condition, and the Awesome Oscillator shows bearish divergence.
Trade idea:
- Sell when the ascending structure begins to form.
- Stop-loss at 64.60.
- Price targets are 61.70 and 59.70.
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