this range goes back to 2018 lol but i think it may finally break to the upside.
not even on bullside rsi yet. this has room to run. long term play though and this would just be the initial swing. based on the size of the consolidation, there's a chance for a ~200+% upswing over the next few years.
In the last few days, BDX has tested the resistance-turned-support level several times and bounced back from it.
RSI is oversold. Earlier, BDX had bounced back when RSI had reached present levels.
A bullish Gartley pattern has formed.
TP1 - 38.2% of AD
TP2 - 61.8% of AD
SL - Just below D
BDX gapping higher and may be breaking out of this 5-year range it's been trading in.
This serial-acquirer is a buy. Over the longer-term, Becton Dickinson has been a solid compounder, and the current valuation represents a reasonable entry point.
Becton, Dickinson is a Medical Instruments provider in Healthcare. It has a Narrow Moat, Stable Moat Trend,...
The PEAD projected a neutral outlook for NYSE:BDX after a negative under reaction following its earnings release placing the stock in drift D with an expected accuracy of 42.86%.
The BDX is experiencing a narrowing of its oscillation range, presenting a short-selling swing trading opportunity. There should be support near the 250-day moving average, and a stop-loss should be set around the 258 level.
The PEAD projected a neutral outlook for $BDX after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 60%.
The PEAD projected a Bullish outlook for $BDX after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 83.33%.
The PEAD projected a Bullish outlook for $BDX after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 100%.
The 200MA on a Weekly timeframe in this case is a strong support point for price
Similar price action can be seen along the 200MA within prior rectangle
Both will likely lead to continuation
The PEAD projected a Bullish outlook for $BDX after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 50%.
BDX is breaking out on a weekly basis after sitting in consolidation since January 2020 above the 200 week moving average.
All week there's been high relative strength in medical device companies like BD.com.
Looking at the long term chart, this a perfect example of a stock to trend follow off consolidation periods as it stays above key moving averages (50...
Period of Q1 2020 to Q4 2021
Stock and Financial Performance of 10 Medical Device companies throughout the Covid-19 Pandemic.
A comparative study on the competitive advantages of each company - Prices will reflect the fundamentals of such companies.
It's so tempting. Almost begging for a straddle option.
I don't have much by way of fundamental analysis on this, BDX is not in my circle of competence. However this pattern is so apparent that I can't help but point it out.
$BDX looks to be creating a diamond formation. Diamond formations typically are top formations, the stock hits a high, then a support low, then moves to a new higher high, then a lower low, then price range constricts. The volume spikes in the middle when volatility is high, but drops when the price range constricts until you get the breakout. Are we going to...
Details in photo!
What do you think?
Like follow agree disagree?
Put an debit spread option order in at $2.95 for September it may not get filled but it's cool... more opportunities
not advice
