Hallo dear Traders and investors,
I may have a shorting opportunity, but we still need a better confirmation about the trend.
In the monthly chart above, the BSX stock hit a critical resistance with bearish divergence in RSI.
The Fibonachi shows the following from the very lows of 2011 (still in monthly chart)
0.236 => $36.5
0.382 => $30.3
0.5 => $25.5
0.618 => $20.6
From Weekly chart, we have the following Fib. from the lows of March 2020:
0.236 => $41
0.382 => $37.7
0.5 => $35
0.618 => $32.5
I appreciate your comments and analysis for this stock.
Thanks,
Sam.
I may have a shorting opportunity, but we still need a better confirmation about the trend.
In the monthly chart above, the BSX stock hit a critical resistance with bearish divergence in RSI.
The Fibonachi shows the following from the very lows of 2011 (still in monthly chart)
0.236 => $36.5
0.382 => $30.3
0.5 => $25.5
0.618 => $20.6
From Weekly chart, we have the following Fib. from the lows of March 2020:
0.236 => $41
0.382 => $37.7
0.5 => $35
0.618 => $32.5
I appreciate your comments and analysis for this stock.
Thanks,
Sam.