Boston Scientific (BSX) poised for rally targeting $120.3
|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 started from $85.98 low of 4.07.2025 as double correction ended in daily blue box area. It expects rally to extend towards $112.20 – $120.29 area to finish the impulse started from March-2020 low.
BSX – Elliott Wave latest weekly 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 3.17.2025
In IV pullback, it placed ((W)) at $93.29 low as 3 swing pullback & ((X)) at $104.35 low. It reacted higher from the blue box area as expected in earlier article from 3.17.2025. Later, the correction extends as double correction & ((Y)) ended at $85.98 low. It placed (A) of ((Y)) at $97.85 low, (B) at $101.28 high & (C) at $85.98 low in blue box area. We like to remain long from daily blue box area with risk free long position as it reacted above 50 % of ((Y)) leg. It favors one more push higher in ((1)) of V. It expects V to extend towards $112.20 or higher levels. Until, it breaks above III high, the correction can extend, if breaks the 4.07.2025 low. If it extend higher & erase momentum divergence in daily, it can turn out nest in daily.
BSX – Elliott Wave latest daily view
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