1BDX trade ideas
$BDX with a Bearish outlook following its earnings #StocksThe PEAD projected a Bearish outlook for $BDX after a negative under reaction following its earnings release placing the stock in drift D
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Bullish Cypher PatternPrice is hitting the prior gap down and experiencing resistance but is trying to move through it. May cause a pull back. Entry level is quite a ways underneath, but you never know what Mr Market will do (o:
The cypher is a five point harmonic chart pattern, made up of points XABCD. The cypher is easy to spot on a chart because it has a characteristic wave like appearance displaying either rising peaks or falling valleys..
You can trade the cypher like other harmonic patterns, by waiting for a reversal at the final point and then using pending orders to profit from any potential breakout..
In any cypher, points X, C and D are the critical points. For a bullish cypher, X should be the pattern low and C the pattern high. A bearish cypher makes its high at X and its low at C..
Price targets
Set the price targets for the cypher at the Fibonacci levels between point D and point C. To work out the precise targets use a Fibonacci retracement tool and mark the points on the chart between D and C.
Possible T2 330.2 to 360 (long term) and would only occur under favorable market conditions or further down the road as a rule. These are the fib levels corresponding approximately to 127 and 161%) I focus on Targets 1 and keep a look out for resistance levels and overbought conditions a long the way..
Not a recommendation..just an observation. I've been in this trade since long entry level and it has been good to me so far.
Be sure to place your stop, if you use one which is a rule among most traders, but a rule that I rarely follow, but I know I should. Mental stops are really not encouraged by most. (I was stopped out on TNDM today when it went down a ways below D only to return. I put the stop there yesterday because I was concerned and BOOM, possible shakeout looking for stops. Anyway BDX also also retested D a few times before travelling up...
I have noticed price often retests D in harmonic patterns. I added a new rule, and that is wait for the retest! LOL Then enter with an uptrend and I did not do that on TNDM. We live and we learn (o:
Bullish Cypher PatternPossible stop below 219.45
Possible T2 330.2 to 360 (long term)
BDX fell from a rising wedge a while back at 259ish and had s deep pull back
I own this but this is just an observation
Involved in the flu if that helps
NV is high/Looks to be close to S on hourly
Short interest is low
Becton, Dickinson and Company develops, manufactures, and sells medical supplies, devices, laboratory equipment, and diagnostic products worldwide. The company's BD Medical segment offers peripheral IV and advanced peripheral catheters, central lines, acute dialysis catheters, vascular care and preparation products, needle-free IV connectors and extensions sets, IV fluids, closed-system drug transfer devices, hazardous drug detection, hypodermic syringes and needles, anesthesia needles and trays, enteral syringes, sharps disposal systems; infusion pumps and dedicated disposables, medication compounding workflow systems, automated medication dispensing, automated supply management systems, medication inventory optimization and tracking systems; syringes, pen needles, and other products for diabetes care; and prefillable drug delivery systems. Its BD Life Sciences segment provides specimen and blood collection products and systems; automated blood and tuberculosis culturing, molecular testing, microorganism identification and drug susceptibility, and liquid-based cytology systems, as well as rapid diagnostic assays, microbiology laboratory automation products, and plated media products; and fluorescence-activated cell sorters and analyzers, antibodies and kits, reagent systems, and solutions for high-throughput single-cell gene expression analysis, as well as clinical oncology, immunological, and transplantation diagnostic/monitoring reagents and analyzers. The company's BD Interventional segment offers hernia and soft tissue repair, biological and bioresorbable grafts, biosurgery, and other surgical products; surgical infection prevention, surgical and laparoscopic instrumentation products; peripheral intervention products; and urology and critical care products. It has a strategic partnership with the Biomedical Advanced Research and Development Authority to develop new manufacturing lines for injection devices. Becton, Dickinson and Company was founded in 1897 and is based in Franklin Lakes, New Jersey.
Rising Wedge Bottom FishingMay have landed and forming support
This one fell the whole length of the rising wedge pattern
It does not mean it can not form another bottom though
BDX has a good dividend with a low payout ratio. The dividend has also grown over the years
NV is high Short interest is low
Up today so I am waiting for a pull back to buy more for my IRA
Not a recommendation
Becton, Dickinson and Company develops, manufactures, and sells medical supplies, devices, laboratory equipment, and diagnostic products worldwide. The company's BD Medical segment offers peripheral IV and advanced peripheral catheters, central lines, acute dialysis catheters, vascular care and preparation products, needle-free IV connectors and extensions sets, IV fluids, closed-system drug transfer devices, hazardous drug detection, hypodermic syringes and needles, anesthesia needles and trays, enteral syringes, sharps disposal systems; infusion pumps and dedicated disposables, medication compounding workflow systems, automated medication dispensing, automated supply management systems, medication inventory optimization and tracking systems; syringes, pen needles, and other products for diabetes care; and prefillable drug delivery systems. Its BD Life Sciences segment provides specimen and blood collection products and systems; automated blood and tuberculosis culturing, molecular testing, microorganism identification and drug susceptibility, and liquid-based cytology systems, as well as rapid diagnostic assays, microbiology laboratory automation products, and plated media products; and fluorescence-activated cell sorters and analyzers, antibodies and kits, reagent systems, and solutions for high-throughput single-cell gene expression analysis, as well as clinical oncology, immunological, and transplantation diagnostic/monitoring reagents and analyzers. The company's BD Interventional segment offers hernia and soft tissue repair, biological and bioresorbable grafts, biosurgery, and other surgical products; surgical infection prevention, surgical and laparoscopic instrumentation products; peripheral intervention products; and urology and critical care products. It has a strategic partnership with the Biomedical Advanced Research and Development Authority to develop new manufacturing lines for injection devices. Becton, Dickinson and Company was founded in 1897 and is based in Franklin Lakes, New Jersey.
BDX Bullish Inverted H&S - Possible BreakoutBDX Bullish Inverted H&S - Possible Breakout
Inverted H&S
Pennant Breakout
1st Target = 249
2nd Target = 260
This content is for informational and educational purposes only. This is not in any way, shape or form financial or trading advice.
Good luck, happy trading and stay chill,
2degreez
BDX At Extreme Pessimism Could Cause Price Revert To MeanBecton Dickinson & Co stock price is now at extreme pessimism on the daily & any rejection at this level could cause its price to revert to its mean value. Major trend is downtrend...
N.B
- Let emotions and sentiments work for you
-ALWAYS Use Proper Risk Management In Your Trades
$BDX Breakout to All Time HighIn this chart we're looking at Becton Dickinson & Co on the 1W chart as price has consolidated into an ascending triangle . Price has recently broken through the horizontal resistance around $263 with a strong weekly candle. Breakout was confirmed after price broke through $271. I just came across this company's stock this weekend, so I missed the initial breakout. Even though the initial breakout was missed, we had a small pullback and then another strong weekly candle to show this instrument has strength. There is still plenty of upside to be taken advantage of.
This ascending triangle has a price target of around $319 and we have already seen a small pullback before what seems to be continuation to the upside.
Nonetheless, if we see another larger pullback, I expect price to find support on the horizontal chart pattern boundary around $263.
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