Edwards Lifescieneces (EW)- Bullish Breakout in Progress
📈 NYSE: EW | CMP: $75.30 | Target: $85 - $95 | SL: $72
🔍 Analysis:
EW has shown a strong bullish breakout after consolidating above the ascending trendline. A recent breakout above the $76.36 resistance level suggests renewed buying interest.
Key Levels:
✅ Support: $72 (trendline support)
✅ Resistance: $76.36 (recent breakout)
✅ Target 1: $85
✅ Target 2: $95
Technical Indicators:
✅ Price above 50 & 200 EMA – Bullish momentum
✅ Strong volume confirms breakout
✅ Higher highs & higher lows formation
💡 Trade Plan:
Entry: Above $76.50 on retest confirmation
Stop-Loss: Below $72
Target 1: $85
Target 2: $95
🚀 Bullish sentiment is strong; a move towards $85-$95 looks likely if price sustains above $76.36.
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🔍 Analysis:
EW has shown a strong bullish breakout after consolidating above the ascending trendline. A recent breakout above the $76.36 resistance level suggests renewed buying interest.
Key Levels:
✅ Support: $72 (trendline support)
✅ Resistance: $76.36 (recent breakout)
✅ Target 1: $85
✅ Target 2: $95
Technical Indicators:
✅ Price above 50 & 200 EMA – Bullish momentum
✅ Strong volume confirms breakout
✅ Higher highs & higher lows formation
💡 Trade Plan:
Entry: Above $76.50 on retest confirmation
Stop-Loss: Below $72
Target 1: $85
Target 2: $95
🚀 Bullish sentiment is strong; a move towards $85-$95 looks likely if price sustains above $76.36.
📊 Like & Share if you find this useful! 🔥📈
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