Bausch + Lomb | BLCO | Long at $16.02Bausch + Lomb NYSE:BLCO , a strong name in the eye health world, is trading within my historical simple moving average area and appears to be gaining upward momentum. I usually do not like to enter companies this earlier (more data is always better), but this company has very strong earnings and a solid track record. Earnings are forecasted to grow 57% per year and it's trading at a good value compared to its peers (price-to-book: 0.87x, price-to-sales: 1.17x). Low debt-to-equity (0.74x). Product exposure is across the globe and revenue was $4.8 billion in FY2024. Profitability has fluctuated over the years, and tariffs or other global trade issues are always a concern. Also, it's very early in this stock's history to gauge future performance. I would not exclude a call to the $14.00 area in the near-term, so there absolutely risks with this pick.
But, at $16.02, NYSE:BLCO is in a personal buy zone.
Targets:
$17.50
$20.00
Eye
SPX PULL BACK TO 87 FRIDAY algo
price has already ran the london algo yesterday playing above its target of 75. this will lead to chaos and traps as price tries to meet its order by wednesday 3 pm. much faith in the higher side has been taking out . now price will use the weak energy of the trades to lift to new highs leaving all sellers trapped for greed. if price closes just one point under 75 then it will without a doubt come to 3953 before tracing back up to the current 80 level. but before we get those depressing swing lower some relief must be made to bring hope back to the public. many think the Americans beast is dead but it wont go down without a bright flame setting all disbelievers in flames and burning all doubt in the market of who is the once great king of the world.
these stories and narritives is already priced in two weeks before they are present in market conditions. if you search for the light u will open your eyes to the truth of price .
Stop hunt at strong midterm support level + lift off315.54 is the midterm low. I see a lot of demand at this level (long wicks, high volume)
Whales are running the stops of the buyers. triggered stops = market sells => whales buy into these market sells.
additionally new sellers might come in because they think it's a "breakdown".
PRZ is the potential reversal zone. I took the fib tool and tried to find a bottom angle point by matching the internal fibs with already existent price action/levels
Gotta be fast on these type of trades and anticipate it beforehand to be able to make good profits : ]