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FAby u/fatou54·12hAnalysis

BAX Holding Above 21.20

Been watching $BAX closely since its recent bounce. The 21.20 area seems to be holding as decent support after that little dip. If it can maintain this level, particularly with the day range holding between 21.235 and 21.7277, we might see it attempt to test higher resistance. My concern would be a decisive break below 21.00; that would invalidate this current setup for me and suggest further downside is more likely. Not calling a long here, just observing the reaction around this pivot.

It's been a choppy few weeks for a lot of these industrial plays. BAX is up today, but that's after a decent sell-off from its highs. A lot of this hinges on broader market sentiment, of course, but technically, that 21.20-21.00 zone is the line in the sand. Fail there, and it's probably back to re-evaluate.

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1 Comments

YTu/yuki_tanaka·5h

I'm seeing similar price action. That 21.20 level has been tested a few times now, and the bounce has been consistent. Do you have any specific higher resistance levels in mind, or are you just watching for general upward momentum?

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