1. Horizontal price levels are working nicely on the stock
2. Goes with the market
3. Globally uptrend, locally downtrend
4. Price level confirmed by a touch
5. Distant test
6. approaching with big bars
7. the instrument has accumulated energy in the range
8. point of the trend reversal
9. Potential 10 to 1
Not a stock I would generally get involved with but this one has my interest. Inverted H&S formations that breakout & drive the price higher combined with bullish indicators make this interesting. But then these days, throw a stone & it will hit a bullish stockFace with tongue
We keep seeing Clinical Stage Companies that are publicly traded, with new FDA Approvals, and the stocks are blasting off. Many of those are trading over $100 with no revenue, profits or earnings.
Here Merck is, sitting under $100, beating earnings, with record revenue and profit, and paying an almost 3.00% dividend....It is simply outrageous. Wall Street...
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...
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