Songbird

Hi Shoppers,

I am seeing a possible hanging man candle in CVS Health Corp (Ticker: CVS) which could be indicating a change in that upward trend:

There is also a double top.

Watch for CVS to stay below yesterday’s close before hopping in on the downside.

It could pull back to the 200-day moving average which meets with the upward sloping trendline at $99.

Use yesterday’s high as your stop loss spot.

Trade Review

I was looking for a pullback in Las Vegas Sands (Ticker: LVS) and it didn’t happen, the stock traded higher.

So no trade was made.

Thanks for Reading … See You Next Tuesday.

Licia Leslie

Licia Leslie

Licia Leslie

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About the Author

Licia Leslie

Licia Leslie

Former CBOE floor trader and CIO at Karman Line Capital. Author of ‘The Option Traders Hedge Fund’ with over 30 years of options trading experience.

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