6/Sep/2019 10:27 AM
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Breaking out of multi month darvas box here.
Long timeframe idea. No price projections but one could use fib extensions to generate some if desired.
Stop is half way of the range we are breaking out of.
No position
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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.
