CVS
CVS breaking out of Multi-Year DowntrendCVS is breaking out of a Multi-Year Downtrend since 2015.
CVS has repeatedly bounced off an uptrend line dating back to 2002 (Post-DotCom Bubble).
CVS Fair Value is $100~ based off my discounted Free Cash Flow calculations.
I am long since $61, CVS is my largest position at ~15% of my portfolio.
Walgreens Monthly Chart $WBAIs it me or is it CRAZY to see Walgreens is down over 60% in the last 4 years. From a contrarian investors POV this could be signaling a great opportunity to get long and collect dividends while this is trading back at discount prices in the 2000's - 2013 price channel. I have no doubt that Walgreens will be around in 5 years as its been in business since 1901.
I find it absurd that WBA is STILL dropping while more people than ever are in need of prescriptions, immunizations and health care products. In 2019 they filled over 1 billion prescriptions (including immunization)
So with all this in mind, I have no doubt Walgreen will eventually see a bounce above $50 but back up to $90 might be a stretch at this moment in time.
Latest 10Q
www.sec.gov
"CVS: trying to start a bull move" by ThinkingAntsOkWeekly Chart Explanation:
- Price is on an important Support Zone, close to the Macro Ascending Trendline.
- From here it has potential to move up towards the Top of the Descending Channel.
- We are looking for buy setups on lower timeframes.
Updates coming soon!
CVS - DAILY CHART Hi, today we are going to talk about CVS Health Corp and its current landscape.
CVS is poised to receive increasing attention from the market as relevant events are taking place. The healthcare company can be benefited from the implied move that Congress will repeal three key Obamacare aspects related to the health industry taxes as part of fiscal 2020 spending bills. News that can boost CVS next year.
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Ascending Triangle Runs Out of Room Soon for SPY SPXIt's just a chart with some fibonacci levels and an ascending triangle with no where to go but down in my opinion. Looks like 2777-2775 is the first Fib level to revisit after topping out around 3,025-3045. Negative divergences also signaling running out of steam IMO. Don't hold anything for long, regardless of how strong it appears to be. Anything could change in one swift key-stroke of trumps fat fingers...Only thing that sends this higher in my opinion is a resolution of trade with China, and even then - Trump may start another trade war in it's place soon there-after IF we ever resolve China first... SPY SPX
I'm personally bullish on old school value plays that have been forgotten about that now have good dividends while you wait out the storm such as $CVS which has a .50 cent quarterly dividend, yielding 3.45% better than it's industry leaders like your UNH and ANTM which only yield 1.65% and 1.05%. Another one I'm long is $KHC Kraft Heinz which yields 5.22%, and last one that I'm watching is $GT goodyear tires, yielding 4.38%
All these growth stocks with sky-high valuations are going to begin to crumble at some point and I don't want to be holding long for that.
Good Luck!