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.
Because, this move is only the very start of a long term uptrend. Of course, that is only my take. You should do your own DD which clearly says this is the wrong time. Well, that is what makes a market. Good luck to you.