📈 🟢
Ticker: Bausch Health Companies Inc. (NYSE: BHC)
Chart: 30-Min Timeframe
Pattern: Ascending triangle breakout
🔹 Entry: $5.42 (breakout above trendline and consolidation)
🔹 Stop-Loss: $5.23 (below ascending trendline and support)
🔹 Take Profits:
TP1: $5.66 – Previous resistance level
TP2: $5.95 – Measured move / breakout target
⚖️ Risk-Reward Calculation:
– Risk per Share: $0.19
– Reward to TP2: $0.53
– R:R Ratio: ~1:2.8 ✅
🧠 Technical Highlights:
– Ascending triangle breakout formation with tight price action
– Clean reclaim of resistance around $5.42
– Volume building near breakout zone
Ticker: Bausch Health Companies Inc. (NYSE: BHC)
Chart: 30-Min Timeframe
Pattern: Ascending triangle breakout
🔹 Entry: $5.42 (breakout above trendline and consolidation)
🔹 Stop-Loss: $5.23 (below ascending trendline and support)
🔹 Take Profits:
TP1: $5.66 – Previous resistance level
TP2: $5.95 – Measured move / breakout target
⚖️ Risk-Reward Calculation:
– Risk per Share: $0.19
– Reward to TP2: $0.53
– R:R Ratio: ~1:2.8 ✅
🧠 Technical Highlights:
– Ascending triangle breakout formation with tight price action
– Clean reclaim of resistance around $5.42
– Volume building near breakout zone
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.