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Bauschhealth

Elliott Wave View: An Impulsive Rally in Bausch Health (BHC)Elliott Wave View in Bausch Health (BHC) suggests the rally from June 4 low (20.28) unfolded as a 5 waves impulse Elliott Wave structure. Up from 20.28, wave (1) ended at 21.9 and wave (2) pullback ended at 20.8. The stock then resumes the rally higher in wave (3) towards 25.85, and wave (4) pullback ended at 24.61. Finally, the stock ended wave (5) of ((1)) at 25.9. The stock is now correcting cycle from June 4 low within wave ((2)). Wave ((2)) pullback should unfold in the sequence of 3, 7, or 11 swing. The current pullback is proposed to unfold as a double zigzag Elliott Wave structure. Down from 25.9, wave (A) ended at 24.64 as a diagonal structure. Expect a bounce in wave (B) then another leg lower in wave (C) as another 5 waves before wave ((2)) pullback is complete. We don’t like selling the stock and expect dips to continue finding support in 3, 7, or 11 swing as far as pivot at June 4 low (20.28) stays intact.
NYSE:BHC
by Elliottwave-Forecast
BAUSCH Elliott Wave View: Pullbacks Should Remain Supported Good afternoon Traders, BHC short-term Elliott wave analysis suggests that the pullback to $20.28 low ended black wave ((2)) pullback. Up from there, it is in a possible 5 waves Elliott Wave structure higher. The first leg higher in black wave ((i)) ended at 09/13 peak (24.13). The internal structure of that move unfolded as a 5 wave impulse. It ended blue wave (i) at 09/11 peak (20.98), wave (ii) pullback at 09/11 low (20.67). Above from there, it ended the wave (iii) at 09/12 peak (24.12). Below from there it ended blue wave (iv) pullback at 09/12 low (23.22) and above from there it ended blue wave (v) of black wave ((i)) at 09/13 peak (24.12). Below from there, it ended black wave ((ii)) pullback at 09/17 low (22.07). The internals of that pullback unfolded as an Elliott Wave double correction in blue wave (w)-(x)-(y). Up from there it ended black wave ((iii)) at 09/21 peak (25.26) and the pullback in black wave ((iv)) at 09/25 low (24.32) after reaching the 100-123.6% extension area from 09/21 peak. And any long trades from that area (blue box) should be risk free by now. As long as it does not break 09/21 peak (black wave (( iii )) ), a double correction lower in black wave ((iv)) can't be ruled out. As long as the pivot at 20.09 stays intact we expect the stock to extend higher and we don’t like selling it because the right side is to the upside.
NYSE:BHCLong
by Elliottwave-Forecast
$BHC almost a buy: under the radarI am waiting for an entry long in $BHC but positive signs are already there especially RSI is giving an insight, MA 200 is almost close and it might be probable a new test. Monthly RSI is down and on a weekly basis price is approcing the pullback of the third bullish wave. For the time being, given the positive earnings release a bullish trend continuation is highly probable but I would not exclude somewhat time to complete the flag in order to reach the main trendline in red. If it is not like that a bullish signal will be given ....only.... when the price breaks the upper edge of the flag. For aggressive traders an entry long might be done even today with really tight SL.
NYSE:BHC
by TRADOMICS_
BHC Elliott Wave Analysis: Larger Correction Taking Place?Hello Traders, In this Elliott Wave Analysis, we will have a look at the Bausch Health stock. BHC ended the cycle from 03/01/18 (14.45) low at the peak of 06/13/18 (27.77) in black wave ((1)). Below from there the stock is currently correcting the cycle from 03/01/18 low in 3-7 or 11 swings in black wave ((2)) before more upside can be seen. Near-term BHC ended the cycle from 06/13/18 peak at the low of 06/25/18 (22.39) in blue wave (W). The internals of blue wave (W) unfolded has Elliott Wave Zigzag structure which ended red wave A at 06/19/18 low (22.96), red wave B pullback at 06/21/18 peak (25) and red wave C of blue wave (W) at 06/25/18 (22.40). Up from there, it ended blue wave (X) pullback at 07/13/18 peak (24.45). Below from that peak, it ended the cycle from 07/13/18 at 08/01/18 low (21.46) in red wave W. The internals of that move unfolded has a Elliott Wave double correction where it ended black wave ((w)) at 07/16/18 low (22.49) and black wave ((x)) pullback at 07/18/18 peak (23.55). Below from there, it ended black wave ((y)) of red wave W at 08/01/18 low (21.46). Up from there, it is in the process of correcting the cycle from 07/13/18 peak in 3-7 or 11 swings in red wave X before the next extension lower can be seen. As long as the pivot at 24.45 peak in our distribution system stays intact, we expect it to extend lower. We don’t like buying it.
NYSE:BHCShort
by Elliottwave-Forecast
BHC Bausch Health: possible opportunity in the next daysAlthough earnings are releasing next week, the today's session for $BHC will be critical: a trend inversion might be possible on a daily basis, yesterday price formed a dragon fly bullish as the arrow shows. This must be confirmed with a black (green) candle today in order to develop minimum of swing, otherwise there will be no signs for an inversion in the short term. Ground seems to be ready even because RSI (oscillator) is near the range of 30-40 which means that it is charged enough to support a bullish trend. Conclusions For aggressive traders entry long might be done today with tight SL. Price actually flows over a solid support around 21.50 dollars. For conservative traders: watch and wait at least today.
NYSE:BHC
by TRADOMICS_
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