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For Club iNSIDER Traders: CVS – we are watching for a potential gap filling for Short Entry with the main trend.

Post Views: 291 Shares of CVS Health Corp. failing to recover even partially from the brutal decline after the Q1 report that sank the stock, leaving a wide open gap. After the company reported weaker revenue and earnings results and cut its 2024 guidance, Wall Street investors sold off the stock at the fastest pace in 15 years. THE TECHNICAL PICTURE:CVS – Weekly Chart1. Short Trend2.DeMarker Oscillator entering oversold3. Sequential with downward printing of 6, showing residual potential for development of the short impulse.4. Huge sell volume in the past week CVS – Daily Chart Short trend with a huge unfilled GapDeMarker Oscillator starts a smooth reversal from a record oversoldSequential with a fully completed descending counting cycle. Volumes are…

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 Head Dealer Alexander Alexandrov

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