After a good earning announcement BHC corrected lower into the broadening bottom support zone. Look for the increased buying pressure from here
CHECK THE CHART NOTES. CHECK THE CUP - NICE VOL TOO.
$BHC is coming back up with strength Resistence 28
BHC is showing strength. Let's see if it crosses 28 resistance this time.
Watching for a consolidation breakout in Bausch. With the market downturn, I haven't taken many long trades lately. But this one popped up on the screener the other day. It is consolidation near a recent high. Prior patterns like this have seen the price run higher... if it breaks the consolidation to the upside. Expected profit is roughly 20%, while downside...
Diagonal. This Chart shows the three possible targets starting from the Fib 0.618 extension of wave 1-3, to the Top Rail of the Leading Diagonal , to the Target of the Cup n Handle. Please DYODD. I am holding Oct 19 $24 Calls which are currently over 100% up.
using EWT. EWT is great with counting the waves. To benefit from an accurate count, one must know how to use the wave count. I have used the EW as a tool to help me with my swing trading. I endeavor to buy calls at the end of wave 2 &4 (or beginning of wave 1,3&5) and exit my positions (take profits at the end of wave 1,3,&5 (or beginning of wave 2&4). I have been...
BHC recently broke out of a consolidation after putting in a rounded bottom. This pattern has played out three times over the last year, moving about 20%+ over the former high. This trade takes advantage of that same pattern with a target just under 20% away from the entry and a reward:risk of about 3.5:1. Disclosure: long
Wave 3 targets slightly revised to match Fib 1.618
Good afternoon Traders, BHC short-term Elliott wave analysis suggests that the pullback to $20.28 low ended black wave ((2)) pullback. Up from there, it is in a possible 5 waves Elliott Wave structure higher. The first leg higher in black wave ((i)) ended at 09/13 peak (24.13). The internal structure of that move unfolded as a 5 wave impulse. It ended blue...
Strong buy after MA 200 has come with insane violence. After a pull back of few days we have seen the start of a new uptrend. First TP is around 26,7 dollars where the gap down has left its trail.
the 200ma before taking off.
As showed in the chart $BHC comes from a long bullish flag. Price is reaching the buy zone where the major bullish trendline goes through. It's not yet a buy but we are approching such zone. Strategy: watch and wait.