BMY looks like it could take a tumble.
Im not sure if I will take the trade myself.
But we have the following confluences;
Rising Wedge Pattern
Momentum divergence (Momentum = Lower Highs but Price = Higher Highs)
RSI divergence (RSI = Lower Highs but Price = Higher Highs)
Volume looks to be on the decline (giving confirmation to the wedge)
Im not sure if I will take the trade myself.
But we have the following confluences;
Rising Wedge Pattern
Momentum divergence (Momentum = Lower Highs but Price = Higher Highs)
RSI divergence (RSI = Lower Highs but Price = Higher Highs)
Volume looks to be on the decline (giving confirmation to the wedge)
Comment:
Break of wedge - held on the daily - watch closely