Bausch Health Companies Inc (BHC)

[Zilla]

Happy April Fools day...Overall market has been running to finish off March. Jan up/Feb down March up and April?!? BHC went down to 7.02 but finished strong Friday to 8.10 which is where is use to break down. However on a daily chart 8.75 would cap off another 'shoulder' top a head and shoulders 'possibility.' which is bearish. Though it could keep climbing and make a 3rd mountain peak before any major retracement which takes H&S off the table if it breaks well above the 10.20's we had before. Looking at the weekly chart if it breaks or gets back to 10 it looks like a 'cup and handle' and if I recall it's 50% higher from top to bottom. So if 10 is top and 4 is bottom we could hit 13 but I'd guess 15 or close to it would be more likely on a short squeeze. BLCO is at 17.41 and 50.1% would get us close to 8.75...BLCO has 18% short interest so they expect a sell off if BHC gets shares. BHC's short interest is less than 8%...
So this can still go either way and I 'adjusted accordingly' as I'm sure there's a way more savy investors have been playing these two. I'm not savy, just watching, learning and reporting. =)