Dario1987

BHC Bausch Health: possible opportunity in the next days

NYSE:BHC   BAUSCH HEALTH COMPANIES INC
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 short term.

Ground seems to be ready even because RSI (oscillator) is near the range of 30-40 which means that it is charged enough to support a bullish trend .

Conclusions
For aggressive traders entry long might be done today with tight SL. Price actually flows over a solid support around 21.50 dollars.
For conservative traders: watch and wait at least today.
I agree with everything you've said but I'll have to wait out earnings which should confirm a break either way.
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@jaxdog, wise decision ;)
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