CVS Health may rise to 65.40 - 67.30

56.2 is our pivot point.

Our preference

Short term rebound.

Alternative scenario

The downside breakout of 56.2 would call for 53.1 and 51.2.

Comment

The RSI is above its neutrality area at 50. The MACD is negative and above its signal line. The MACD must break above its zero level to call for further upside. Moreover, the share stands above its 20 day moving average (58.259) but below its 50 day moving average (58.884).

Supports and resistances

69.2 **

67.3 *

65.4 **

63.6

58.7 (USD-last)

57.3

56.2 **

53.1 *

51.2 **

Number of asterisks represents the strength of support and resistance levels.