Image Source: PexelsOne would figure the nation’s biggest pharmacy would be a safe, conservative investment. Nope. CVS has lost about HALF its value in just two years. From a charting perspective, it’s been behaving beautifully, because its breakout/support (blue line) turned into resistance (see red arrow), and now we’ve taken a hard fall to very long-term support (green trendline).
More By This Author:SMCI: Gap-Closing Short With Significant Downside Potential
Time To Move On
Market Weakness: A Bear’s Delight
