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 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...
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....
Purchase 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...
see red down trend lines NICE PARALLELITY