Bausch Health Companies Inc (BHC)

[Zilla]

I looked at the overall market this past week and the action in BHC and traded accordingly. I took some profits in other plays too that POPPED this week and decided to be more than 70% cash. Quite a run the first three days this week and then two days down hard so I traded accordingly as I said but still hold calls for court and next year that currently up more than 50% as I bought them a month ago when we were trading under 6.50. I do think BHC will go higher but I had too many extra's for flipping and we're ina range until we aren't...
BHC 7.60 on 3.6 million shares with a trading range of 7.36-7.62
200DMA 7.82
50DMA 6.79
20DMA 7.22
So 50DMA is now heading up as was the 20DMA already. Just need a good POP over 8 to hold for a bit and the 200DMA can join them, setting up a golden cross at some point down the road. However we can easily test the 20DMA and maybe the 50DMA before earnings. That wouldn't surprise me at all. However a nice slow and steady climb up also would work well. Then pop on a good ER and make a new 52 week high if BLCO shares distribution is mentioned this year. BooYAhhh. lol
BLCO 16.98 close