($BHC )Bausch health (VRX) jammed triangle
Simple update today for ex-Valeant (VRX) now Bausch Health. We have a a triangle with squeezed volatility. Positions can me taken once the edges will be broken. As for now we are really closed to the lower line at 22,26 dollars.
At the moment watch and wait would be the most logic solution. Aggresive traders can take long position with SL lower than 22, 26, but it might be somewhat risky (because secondary main trand is bearish). RSI is quite down but at the moment there are no divergences suggesting a trend inversion (bullish).
At the moment watch and wait would be the most logic solution. Aggresive traders can take long position with SL lower than 22, 26, but it might be somewhat risky (because secondary main trand is bearish). RSI is quite down but at the moment there are no divergences suggesting a trend inversion (bullish).
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.