BSX: Boston Scientific Corporation
2019-08-19 17:39:00
Boston Scientific Announces FDA Approval Of ImageReady(TM) MRI For Vercise Gevia(TM) Deep Brain Stimulation System
We have a good shorting Opp here. Its showing signs of reversal on most timeframes especially the larger ones such at the Month, Week and Daily.
Noone can see 3-4 years into the future right? Well I'm no different so dont take this as financial advice more of just a hey this looks ok to me sort of thing. Ive taken the time to give you a Fan, a Triangle, and...
Yesterdays enforcement by the FDA for BSX to remove one of its products from the market is a significant blow to BSX and has sent investors running scared. Fears from legal actions by clients are a definite and real possibility which will send the price into further correction in out opinion.
this is the most scary kind of move- going back above the upper pivot again after the shenanigan. MFI looks strong.
If this close above the red pivot today, I will get into the game again with a very small call position, but if anyone behind the shenanigan decides to take my money away, he/she gets my applaud for outplaying me.
Making a nice Triangle pattern, A strong uptrend line dating back 2 years. It could continue to retest each TL and break out in May or earlier depending on a number of things of course.
BSX hit its speculative entry as it broken below $29 label, and now it seems breaking down its Upward channel formation. We would consider a secondary entry at the confirmation break of upward channel around $27.60
* Trade Criteria *
Date First Found- October 25, 2017
Pattern/Why- Upward channel breakdown short
Entry Target Criteria- Break of $29...
