Replies to post #4719 on Bausch Health Companies Inc (BHC)

[JLS]

Bullish flag breakout rules:

You should have bought on Friday. That was breakout day.

Look at what it did last January.

According to history you should own BHC going into earnings then sell immediately after earnings on any signs of weakness. But even that can be dicey as there are too many traders trading the horizontal range. And it is made worse because the company announces earnings before the market opens.


I would have entered a BHC trade on Friday but couldn't because I was in another trade. If it retraces more of Friday's gain, I'll likely take the trade.