Near 100x Is All Set Up For BAX BTC (BABB) Rounded BottomBAX has a great setup for a near 100x from 12 sats to 1200 sats over the near term.
BAX seems to have found a local bottom
The RSI has gone bullish and the price has climbed nearly 50% over the last two weeks.
BAX has moved above and flipped the 5 and 10 MA
The FIB Retracement puts the target right at the Rounded Bottom.
Local Top Target 1200 sats.
Higher targets possible.
Buy BAX at 25 sats or lower
A break of 24 sats would confirm bullishness.
This token is very high risk/return, and an exciting bet for anyone willing to toss some funds at it.
BAX
Probably Explosive Mutibag Coming on BAX (BABB) Soon ! 4X ? BAX did an explosive moon recently from 31 SAT all the way up to 557 sat an incredible 18x, and I think pump number two is coming very soon.
Volume dropped greatly and an initial pump has come with rising bullish volume.
I expect the previous fractal to repeat itself.
I think we are going in to big old multibag J curve currently and the bullishness of the last week will continue for several more.
There could be a dip before the big surge as there was previously, but there might not be as well.
Buy under 220 SAT
Short Term Targets
595
864
Longer Term Targets
995
1185
The J curve is just a guestimation on the timeline.
Good Luck
I am not a financial advisor.
BAX approaching support, potential bounce! BAX is approaching our first support at 70.38 (horizontal overlap support, 23.6% fiboancci retracement, 61.8% fiboancci extension) where a strong bounce might occur above this level pushing price up to our major resistance at 74.33 (76.4% fibonacci retracement).
RSI (89,5,3) is also seeing a bullish exit where we might see a corresponding rise in price.
BAX Approaching Resistance, Potential Drop! BAX is approaching our first resistance at 70.14 (horizontal overlap resistance, 100% fibonacci extension, 50% fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 61.09 (horizontal swing low support, 38.2% fibonacci retracement).
RSI (55) is also approaching resistance where we might see a corresponding drop in price.
BAX Approaching Support, Potential Bounce!BAX is approaching support at 64.20 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap support) where it could potentially rise to its resistance at 67.52 (horizontal swing high resistance).
Stochastic (55, 5, 3) is approaching it support and a bullish divergence with price has been identified.
BAX Approaching Resistance, Potential ReversalBAX is approaching its resistance at 69.27(61.8% & 100% Fibonacci extension, 50% Fibonacci retracement, horizontal swing high resistance) where it could reverse down to its support at 64.70 (61.8% Fibonacci retracement, horizontal swing low support).
Stochastic (55, 5, 3) is approaching its resistance at 96% where a corresponding reversal could occur.
BAX Reversed Off Resistance, Potential Further Drop!BAX reversed off its resistance at 70.14 (100% Fibonacci extension, 50% Fibonacci retracement, horizontal overlap resistance) where price could fall further to its support at 64.90 (61.8% Fibonacci retracement).
Stochastic is pproaching its resistance at 97% where a corresponding drop could occur.
BAX: Baxter International Inc.BAX announces earnings tomorrow BMO est .71. Last earnings were incredible, and this one should be better as Hurricane Maria's damages have already been paid for. Strong expansion into foreign countries/continents such as India, Eastern Europe, and Africa.
MACD: Daily crossing showing strong bullish momentum before earnings. Already crossed and in an uptrend on the weekly.
Trendlines: Just broke past previous resistance/flag and following a loose trendline.
Moving Average: Stock just crossed over 20 ma showing short-term strength. 50 ma and 200 ma still showing strong.
In at 76.05 stop at 68.40. Very big stop as I willing to average down on the stock if earnings miss. I believe this company has incredible strength and am very bullish on healthcare at the moment.
BAX - Upward channel breakdown momentum short from $63.67 BAX seems breaking down from an upward channel. It had some recent insider selling in big quantities. It just broken down below 200 days moving average. We think it has good downside potential.
To Play this we could consider may $62.50 Puts. ($1.20 currently)
* Trade Criteria *
Date First Found- March 28, 2018
Pattern/Why- Inverse Bump & Run continuation. Upward channel breakdown
Entry Criteria- $63.67
Exit Criteria- Momentum
Stop Loss Criteria- $66.37
Indicator Notes- Twiggs money flow deep into the negative side.
Special Note- Big Money selling. Could consider may $62.50 Puts. ($1.20 currently)
Please check back for Trade updates. (Note: Trade update is little delayed here.)
BAX - LongPurchase of shares after the rebound from the support level and 200MA, which tells us about the upward trend. At the moment, almost the whole market draws the same picture, it's a pennant. It can be assumed that the market will continue to grow, based on data on the growth of long-term investments in the market and the reduction of short positions.
Open 68.76
SL 67.81
TP 72.56
A short stop allows to maintain an acceptable risk-to-profit ratio - 1: 4.
P/E 36.32
Forward P/E 21.90
Good luck!