BSX Long Term SwingMaking a nice Triangle pattern, A strong uptrend line dating back 2 years. It could continue to retest each TL and break out in May or earlier depending on a number of things of course.
1BSX trade ideas
BSX3rd January- (HNY 2018!) Decent pullback to Fib level & previous S/R level. RSI Oversold on weekly. On watch. Likely Feb Calls. 27/ 28 Target.
BSX - Upward channel breakdown short from $27.60 to $24.67 BSX hit its speculative entry as it broken below $29 label, and now it seems breaking down its Upward channel formation. We would consider a secondary entry at the confirmation break of upward channel around $27.60
* Trade Criteria *
Date First Found- October 25, 2017
Pattern/Why- Upward channel breakdown short
Entry Target Criteria- Break of $29 (Speculative entry); Confirmed Entry $27.60
Exit Target Criteria- $24.67 & Lower
Stop Loss Criteria- N/A
Please check back for Trade updates. (Note: Trade update is little delayed here.)
BSX is another opportunityBSX is long, i will wait the price go back 27.80 or 27.90. I could not evaluate this stock a lower price because it is hot ( the price is close my MA 30, which means price continue up, RSI is near 60 , and there is no short signal). it is good to keep longer
Tradespoon model generated 90% probability LONG signal on $BSXmodel provides 90% probability that $BSX will remain above $27.21 by end of today. $27.21 key support level for $BSX $BSX
$BSX 25.56 up with volume, heading to new highsBoston Scientific up with volume, heading to new highs, support 24.8
BSX_ as it retest overhead resistance at $21.47BSX
Date First Found - November 15, 2016
Pattern/Why- breakdown of trend line and up channel
Entry Target Criteria- Retest overhead resistance at $21.47
Exit Target Criteria- $17.13
Stop Loss Criteria- $22.13
Indicator Notes- huge drop in Twiggs Money Flow
Special Note- we would consider February $20.00 Puts currently @ $0.68
BSX Trendline support and oversoldBSX (22.04) just bounced off trendline support going back to 2012. Stock has affinity with it's 50-day MA, which is currently above 23. I would guess stock should at least trade back to 22.80.
$BSX Price Target of $24.89 by Mid AugustChart very bullish with strong sentiment and positive press. Should continue to trade in Bullish pattern.
BSX Bullisch 8 crossing 15 EMAbacktest indicates that an intersection of ema ema 8 with 15 in 65% of cases bullisch.
The MFI in positive and there is room to run. MACD crossing up.
9/5BSX is reaching the big resistance soon. If the market is going down next week. It's not a bad idea to short this stock.
