Boston Scientific (BSX): Navigating market trends and price action
|Boston Scientific Corporation (BSX) develops, manufactures & markets medical devices for use in various interventional medical specialties worldwide. It operates through MedSurg & Cardiovascular segments. It offers devices to diagnose & treat different medical conditions & offer remote patient management systems. It comes under Healthcare sector & trades as “BSX” ticker at NYSE.
BSX favors rally in V (as previous article) started from $85.98 low in double correction from daily blue box. It expects rally to extend at least $112.20 – $120.29 area to before next pullback starts.
BSX – Elliott Wave latest daily view
In weekly sequence, it placed (II) at $24.10 low in March-2020 & II of (III) at $34.98 low in June-2022. Above there, it placed III of (III) at $107.17 high of 2.05.2025 & IV pullback at $85.98 low in daily blue box area on 4.07.2025. Within III, it ended ((1)) at $55.38 high, ((2)) at $48.35 low, ((3)) as extended wave at $91.93 high, ((4)) at $87.25 low & finally ((5)) at $101.17 high. The pullbacks of ((2)) & ((4)) are shallow in III, which indicates the strong bullish sequence.
BSX – Elliott Wave view from 4.14.2025
In IV pullback, it placed ((W)) at $93.29 low, ((X)) at $104.35 low & ((Y)) ended at $84.01 low in blue box area. We recommended long position from blue box area against $81.78 low, which reacted higher. Buyers are already having risk free longs, looking for more upside, once it breaks above $107.17 high. Within rally in ((1)), it ended (1) at $95.05 high, (2) at $86.77 low & favors rally in (3) towards $106.66 – $108.18 area before pullback in (4). It expects further upside in nine swings to finish the ((1)) of V, which may break to new high in daily, before larger pullback. Above daily high, we like to buy the pullback in 3, 7 or 11 swings at extreme area.
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