Watching the $BAX range, maybe a break developing
Been keeping an eye on $BAX today, the price action is pretty interesting. We're currently trading around 22.02, which is right at the upper end of its daily range (21.805–22.095). What's catching my eye is how stubbornly it's been holding within this tighter consolidation over the past few sessions. It feels like a coiling spring, for lack of a less cliché term.
From a technical standpoint, I'm seeing a fairly well-defined range develop here. If we get a sustained break above that 22.10 level, perhaps on some increased volume, it could indicate a push towards the prior highs. The risk that invalidates this scenario, for me, would be a clean break below 21.805. If we dip back into that lower territory and fail to reclaim it quickly, it suggests the bears still have some muscle left and we might be looking at a retest of lower support. Always humbling to watch these things play out, but that's what keeps it interesting.
Ah, the ol' coiling spring. Always feels like that just before it either explodes upwards or, more frequently, just kind of limps along sideways for another week. Good luck with the break, whichever direction it takes!