$bdx consolidation range ideathis range goes back to 2018 lol but i think it may finally break to the upside.
not even on bullside rsi yet. this has room to run. long term play though and this would just be the initial swing. based on the size of the consolidation, there's a chance for a ~200+% upswing over the next few years.
BDX trade ideas
BDX bouncing from resistance-turned-support levelIn the last few days, BDX has tested the resistance-turned-support level several times and bounced back from it.
RSI is oversold. Earlier, BDX had bounced back when RSI had reached present levels.
A bullish Gartley pattern has formed.
TP1 - 38.2% of AD
TP2 - 61.8% of AD
SL - Just below D
Becton, Dickinson: (BDX) - A Quality Defensive Pick BDX gapping higher and may be breaking out of this 5-year range it's been trading in.
This serial-acquirer is a buy. Over the longer-term, Becton Dickinson has been a solid compounder, and the current valuation represents a reasonable entry point.
Becton, Dickinson is a Medical Instruments provider in Healthcare. It has a Narrow Moat, Stable Moat Trend, Standard Capital Allocation, and Medium Fair-Value Uncertainty. Inception was 1972
Trend following at its finest: BDXBDX is breaking out on a weekly basis after sitting in consolidation since January 2020 above the 200 week moving average.
All week there's been high relative strength in medical device companies like BD.com.
Looking at the long term chart, this a perfect example of a stock to trend follow off consolidation periods as it stays above key moving averages (50 month is used below)
$BDX Potential Breakout Or Breakdown?$BDX looks to be creating a diamond formation. Diamond formations typically are top formations, the stock hits a high, then a support low, then moves to a new higher high, then a lower low, then price range constricts. The volume spikes in the middle when volatility is high, but drops when the price range constricts until you get the breakout. Are we going to have a trend continuation or reversal?
$BDX with a Bearish outlook following its earnings #Stocks The PEAD projected a Bearish outlook for $BDX after a Negative Under reaction following its earnings release placing the stock in drift D
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