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Boston Scientific Corporation Message Board

  • learnigisdkey learnigisdkey Jan 3, 2013 3:02 PM Flag

    Breakout

    On 12/19/12 I wrote about BSX being under accumulation.
    Today, 1/3/13 I suggest BSX is breaking out. Here is the price action and where BSX is.

    1-Buyers take out resistance at 5.91
    2-Buyers take out resistance at 5.95
    3-Just as it starts to look "easy money" there is fast pullback
    4-Support at 5.90 holds
    5-There is a pause, as it support will give. But there are not enough sellers and buyers show up. Intraday uptrend resumes

    6-All of the above is bullish but not enough. $5.95 needs to be recaptured & held.
    It is my guess 5.95 will be exceeded and becomes support

    Now, I very much appreciate if weakness of the above is pointed out to me.

    Sentiment: Strong Buy

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BSX
12.35-0.03(-0.24%)Aug 28 4:00 PMEDT

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