Replies to post #5026 on Bausch Health Companies Inc (BHC)

[Zilla]

I expected a down day but the 19 price target from Raymond James probably helped get BHC moving up after a quick dip to 7.07 at the open to a high of 7.38 on 2 million shares. with BHC closing @ 7.32
200 DMA 7.84
50 DMA 6.88
20 DMA 6.94
BLCO closed @ 15.47

So BHC went lower then higher than yesterday. Looks like an Inverted Head and Shoulders forming and possibly a Cup and Handle if we get back up to 9. BHC likes it's trading ranges but the court POP has me thinking it's time to stop trading and keep my core. However we could just as easily trade in the 7-7.5 range until the next leg up. The 200DMA will probably break before earnings but get tested shortly after breaking it as 8.10 was ceiling before if I recall. As was 22.50 a floor back in the day. lol