The Long Investor

$CVS - CHART OF THE WEEK -

Added 2023-06-26 17:11:23 +0000 UTC

I have added this long term chart before but I continue to be impressed with its set up, so it is this weeks COTW.

I think I need to add clarity to the COTW plan, although we would love to see a chart just take off the moment we buy it, this is rarely the case and my COTW are all designed to buy and holds.

It does not mean that if you buy on Monday and sell it on Friday that you are going to make gains, it means, this chart is in an area we are happy to buy at to hold long term.

I can also put a COTW up a second or third time if I feel that the price is again in a good position to add to or start again.

So as always, patience and trust the process, I would not add COTW if I felt it was high risk, I have evaluated that the reward far outweighs the risk for adding at this price.

So in $CVS's case, the share price can still come as low as $64.66 at the 0.78 Fib but I think between here and the 0.65 Fib at $72, is still a very good area to buy in and now in the buy zone.