Nov. 13 at 12:59 AM
$BSX: The last close at
$102.5 indicates a position above the 30-day moving average (MA30) of
$98.97 and the 50-day moving average (MA50) of
$99.93, suggesting a bullish sentiment. However, the RSI at 44.66 indicates neutrality, with room for upward movement without being overbought. The recent high of
$109.5 is a resistance level, while the low of
$90.69 provides support.
Directional bias: Slightly bullish, as the price is above both MAs and close to the recent high.
Suggested entry:
$103.00, above the last close to confirm bullish momentum.
Stop:
$100.50, below the nearest support level.
Targets: First target at
$107.00, near the 60D high, and a second target at
$109.00, just below the recent peak.
Monitor the ATR of 1.87 for volatility considerations.
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