BSX - Chart Patterns EverywhereAreas in white rectangles show very similar price pattern and both lead to a should of the head and shoulders pattern present on the diagonal uptrend line
A larger double top can be observed between these two peaks
All these assumptions support a downward move on this Weekly timeframe
B1SX34 trade ideas
BSX - What is next ? Short or Long ?Hallo dear Traders and investors,
I may have a shorting opportunity, but we still need a better confirmation about the trend.
In the monthly chart above, the BSX stock hit a critical resistance with bearish divergence in RSI.
The Fibonachi shows the following from the very lows of 2011 (still in monthly chart)
0.236 => $36.5
0.382 => $30.3
0.5 => $25.5
0.618 => $20.6
From Weekly chart, we have the following Fib. from the lows of March 2020:
0.236 => $41
0.382 => $37.7
0.5 => $35
0.618 => $32.5
I appreciate your comments and analysis for this stock.
Thanks,
Sam.
BSX Ascending Triangle into ATH$BSX is setting up an ascending triangle into all time highs. There has also been a decrease in volume shown associated with an ascending triangle. In addition, the larger health sector has been performing well as evidenced by XLV
Entry: 44.5-46
Stop Loss: 43
Profit Target: 50
BSX w 24 2021. Open Long to 78.Weekly
Stable uptrend + bullish sector
Cup and Handle formation
Will be break out to UP.
Better to pick Long now
Daily
Uptrend
I think company worth to buy now.
It has very good potential to double assets before 2024.
When CUP and Handle Formation will be finished.
Open 43
SL 25
TP 78
RR 3,5
$BSX bear trap played out - watch or start to get inBSX has just finished a pretty nice bear trap. I started a initial position, and will fully get in if the price broke through $40 pivot line. If you look at the weekly or even monthly graph, you can see a 16-year huge cup and handle forming. Expect huge up-side to play out in 2021 or 2022. If you want to buy call, buy 2023 leaps.
$BSX with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $BSX after a Negative over reaction following its earnings release placing the stock in drift C
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Long #BSXNYSE:BSX
From a technical standpoint #BSX is reporting a divergence between RSI and Price, in addition the MACD is sloping up leading us to think that a move to the upside is imminent.
The MACD, still below 0, correctly describe the negative momentum: we expect for the near future to retest the upper end of the downward channel at $ 36.50.
Buy price: $ 33.69
1st target: $ 35.00
2nd target: $ 36.00
Stop loss: $ 32.80