Multi-Week swing trade. CVS is forming a potential Cup & Handle on the daily time frame.
Because of the upcoming ex-dividend date, it will be dividend adjusted.
Entry: 74.40 (White line support)
Stop: 73.90
PT: 83.89
Risk to Reward (R/R): 1:18.98
Trade Duration: several week hold
-Daily timeframe Cup & Handle Set-Up for a multi-week swing trade in to earnings.
-Note: Ex-dividend is this Thursday, April 20th and earnings are on Wednesday, May 3rd
Because of the upcoming ex-dividend date, it will be dividend adjusted.
Entry: 74.40 (White line support)
Stop: 73.90
PT: 83.89
Risk to Reward (R/R): 1:18.98
Trade Duration: several week hold
-Daily timeframe Cup & Handle Set-Up for a multi-week swing trade in to earnings.
-Note: Ex-dividend is this Thursday, April 20th and earnings are on Wednesday, May 3rd
Trade active
Limit order filled at the entry price. I am in this trade.Trade active
Bullish engulfing daily candle. The pre-earnings runup seems to have started right on time.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.