Boston Scientific(BSX), Technical pattern breakout confirmed! -Possible swing trade setup-

If you would like to buy good companies at panic/oversold levels like (WB), i would strongly look at BSX.

✅️broke out of a parallel downward channel to the upside.

✅️broke out of a smaller wedge to upside

✅️tested the breakout and held

✅️tried to sell off at earnings and they bought it right back up

✅️bullish engulfing candle yesterday

✅️confirming volume yesterday

✅️multi billion dollar company with 18P/E

✅️fair value is 64 - 80, trading at 46!

All the negative news articles recently reminds me of big money manipulation at bottoms.

Possible swing trade:

\-Stop loss is 7% lower or under Bullish engulfing candle.

\- Take profits targets 50( 10% higher), 52(16% higher), or gap fill at 57(27% higher).

The risk to reward is there. Do what you want with this info.

Nfa.