This stock has horrifically bad spreads, i usually stay away from trash like this but reviewing trading data from this month i'm seeing extremely big activity behind this stock. I also checked around and apparently Jim Cramer is bearish this stock within the same month as said same extremely trading activity. Due to these nice 2 conflicting things i've gone ahead...
This is my idea for a short term target. the price is ranging. Once it breaks out the horizontal channel, it will have potential to go up until the mentioned target.
Diagonal double bottom along strong downtrend line This double bottom may push price up within this falling wedge structure I have plotted If it breaks the upper line further increases may be seen
Long-term, perfect buy setup. Impulse as a leading diagonal, correction as a flat. Wave 3 is likely an extended one. Good luck!
A simple possible scenario. I am thinking the price will move ap to 860.
If the price will cross the Support Level it will be a nice opportunity to open the Sell position. The reason is the global bearish trend, every next high is lower than the previous. Potential profit will be 3 times bigger than the risk. Let's watch this together! Push like if you think this is a useful idea! Before to trade my ideas make your own...
Bearish Butterfly pattern Charted upon request
Lets see in what direction it goes. Possible short term trade
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...
techincally 50 may cross above, with both MAs pointing downward. Large bear flag on the weekly chart. $XLV $STUDY
There is a clear triangle appears in the chart BHC/USD, however it could be both ascending or descending. One of the traits of triangle is that it continues a trend, in this case it's an upward trend, on the other hand it is a more of the pattern of a descending triangle(the line below goes strait horizontal and line above goes inclined. Wait for the...
After a good earning announcement BHC corrected lower into the broadening bottom support zone. Look for the increased buying pressure from here
$BHC is coming back up with strength Resistence 28
BHC is showing strength. Let's see if it crosses 28 resistance this time.
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...