BDX 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 is a buy in my opinion at $240. The reason I wouldn't buy it now is because it is just above the oversold level on the RSI indicator so $240 will confirm bullish run. Target sell price is $260. PLEASE COMMENT WHAT YOU THINK!
Becton 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
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LONG TERM TARGETS. No SHORTS, no LONGS - only long term trade entry parameters. 30% at 100 EMA 70% at 200 EMA Set and forget LONG TERM strategy.
Short by put option to weekly level support $111
Clean breakout off 1 year consolidation. Long term trend (10 year) is very well supported as shown in the chart below.
In 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...
sell only below 243.55 target 238.25 target 232.45 sl245.95
We have a potential trading range opportunity setting up. Price appears to be moving down towards the support area. It's still early so anything can happen. We will have to watch this stock and see if price goes where we want it to. If it does, we should look for bullish evidence around the support area. You can use a variety of methods to determine that including...
Bounce bounce... not looking great are ya BECTONNN
We could hypothesize that the correction to the previous propulsive wave has been realized with a corrective wave of the "flat" type, which seems to have expressed its end resting on the support at 210 $. Signal of probable beginning of the propulsive wave given by the value of the RSI dropped to 20.
This idea came across my scanner last week. I never got into the trade... And probably wont as I just wont get a entry with much tolerance to downside. Bullish above RSI 69.1 and RSI Uniformity line. use Uniformity line as a sell signal Personal note: Idea from "alternative 2" scan