[Platinum Watchlist] (8.16.23) 1 Stock

Good morning. 

Market conditions are subdued again this morning as we wait for the FOMC meeting minutes.  

BSX was placed on the Horizons list at 51.03 and has had a full candle close above the 9-day SMA. The MACD had a positive crossover of its signal line and the stochastic has crossed above its %D line. The RSI is a bit below 50, so look for more strength. Support is at 51.11 with resistance at the 50. Always have a stop loss in place to limit losses if the market moves against you. It’s important to be disciplined and to stick to your stop losses, even if it’s hard to do. 

One of the most important things for swing traders is to be patient. The market doesn’t always go up, and there will be times when you have to sit on your hands and wait for a good opportunity. It’s important to remember that you don’t need to be in the market every day to be successful. In fact, sometimes it’s better to take a break and wait for the right moment. 

Have a great day! 

This information is for educational purposes and not a recommendation to buy or sell a stock.