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Thoughts on $BAX breakout sustainability
Likely a 60% chance $BAX can hold above 21.50 through month-end. The momentum today, closing strong at 21.69 after a tight range, suggests conviction beyond just short covering.
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I'm looking at that 21.50 level too. While the close was strong, I'd want to see how it consolidates around here over the next couple of days before calling it sustainable. Daily volume was decent but not explosive.