On a weekly chart, BHC is way above 80. The price has approached the resistance and may break through resuming the uptrend. BUT, the breakout is not typical of other long term plays which break out above 20. Why is this a buy under the rules of this site? Mark
Quote 0 0
Yes, normally BHC would have to rest or pull-back when the Weekly Money Wave is at 80.

On this one we are looking for a break out of a huge Base above $28.64, where it could go to $50- $80... It has been basing for several years and could be weeks or months more, but you don't want to miss these if they break out on very High Volume. Old High was $260.

Good trading, and tell your friends!
Quote 0 0