mukhriz.mangsor

Inverted Hammer Show Top for BMY?

NYSE:BMY   Bristol-Myers Squibb Company
BMY gap-up today opening near $60 level, but closed at $54.23 creating somewhat an inverted hammer candle. Need to be cautious here. Stochastic still on the overbought territory. Watch the Stochastic closely for any sign dipping below 80 level. A closed below or near $53 we may consider to go square.
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