Strong buy after MA 200 has come with insane violence. After a pull back of few days we have seen the start of a new uptrend. First TP is around 26,7 dollars where the gap down has left its trail.
As showed in the chart $BHC comes from a long bullish flag. Price is reaching the buy zone where the major bullish trendline goes through. It's not yet a buy but we are approching such zone. Strategy: watch and wait.
Hello everybody, I think we will see the final sell-off during the next days or weeks, so we can prepare us to place a long order. BCH is forming the final wave 5 of the last wave 5 of c of 2. What we have seen is a nice all time high (wave 1), and since then a long-lasting a-b-c correction pattern (wave 2). But now it’s the final mile bevor turn around, I...
I 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...
Although 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...
What's going on guys, YoungShkreli in the building As you'll see I've tagged Bitcoin in this because this is an educational post and not just about BHC (formerly VRX). I didn't know anything about this company, I just saw an article one day by chance that said Bill Ackman, after suffering something like a 90% loss pulled out of VRX. They mentioned in that...
Simple update today for ex-Valeant (VRX) now Bausch Health. We have a a triangle with squeezed volatility. Positions can me taken once the edges will be broken. As for now we are really closed to the lower line at 22,26 dollars. At the moment watch and wait would be the most logic solution. Aggresive traders can take long position with SL lower than 22, 26, but...