Boston Scientific (BSX)
Pattern
VCP-style ascending triangle. Three higher lows have squeezed price against the 108 ceiling while volume dries up each contraction.
Trigger & Risk Plan
• Buy-stop: 108.15 on ≥150 % average volume
• Stop: 102.00 (handle low / rising trend-line)
• Starter size only; add 25 % more if price closes above 110.50 the same day.
Reward Map
Measured triangle target 118 — followed by the cup-handle projection near 124-129 if momentum really kicks.
Why I Like It
• Relative strength already outperforming XLV and SPX.
• Medical-device peers SYK and MDT quietly firming — sector tailwind.
• “Overbought” RSI is a feature, not a bug, right before real breakouts.
Pattern
VCP-style ascending triangle. Three higher lows have squeezed price against the 108 ceiling while volume dries up each contraction.
Trigger & Risk Plan
• Buy-stop: 108.15 on ≥150 % average volume
• Stop: 102.00 (handle low / rising trend-line)
• Starter size only; add 25 % more if price closes above 110.50 the same day.
Reward Map
Measured triangle target 118 — followed by the cup-handle projection near 124-129 if momentum really kicks.
Why I Like It
• Relative strength already outperforming XLV and SPX.
• Medical-device peers SYK and MDT quietly firming — sector tailwind.
• “Overbought” RSI is a feature, not a bug, right before real breakouts.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.