Boston Scientific (BSX) continues rally above $110.6

Elliott Wave Forecast Team ElliottWave-Forecast.com

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 of (III) started from $93.29 low after correction ended in daily blue box area. It expects rally to extend towards $110.46 – $116.45 area to finish the impulse started from March-2020 low.

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 $93.29 low in daily blue box area on 3.10.2025. 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 latest weekly view

In IV pullback, it ended ((A)) at $97.08 low, ((B)) at $105.57 high & ((C)) ended at $93.29 low in daily blue box area. We like to remain long from the daily blue box area against $89.30 low & above $99.50 level, it should be risk free by taking partial profit. It placed 1 of (1) at $98.56 high, 2 at 94.85 low &favors 3 of (1) & expects (1) to unfold in 5 swing. Further upside will confirm above $107.17 high. It favors V towards $110.46 – $116.45 area to finish (III) from March-2020 low before it may pullback in (IV).

BSX – Elliott Wave view from 8.19.2024

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Elliott Wave Forecast Team

ElliottWave-Forecast.com

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