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Deitrader
Feb 12, 2024 10:57 PM

$BMY PA interacting at Monthly 200ma Long

Bristol-Myers Squibb CompanyNYSE

Description

If the monthly 200 holds as macro support, we could see a retrace bounce back to meet the monthly 12ema which is descending from 56.75.
If there's an entry here for me, it won't be before a confirmed hourly trend change.

Monthly RSI is attempting a bounce just ahead of fully oversold conditions.
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