treder
Short

Good opportunity to short in a day?

NYSE:BMY   BRISTOL MYERS SQUIBB CO
100 13 0
These are the resistences. Short from these.
I do not think its a good idea to short from here... I will rather look for long entry as bullish divergence is forming and RSI is improving on 4-8 hr time frames..
Reply
treder PerpetualLearner
5 months ago

I thought by the resistance in a day. not for the long time
+1 Reply
PerpetualLearner PRO treder
5 months ago
Thanks for clarifying... as your chart is on daily time frame it appeared that its meant for longer timelines
+1 Reply
treder PerpetualLearner
5 months ago
Sure . may be. I usually trade in swing mode. For multiday i think the trend will continue to fall. but never say never
Reply
PerpetualLearner PRO treder
5 months ago
Agreed.. based on my analysis it may fall some more days may be couple of more weeks... but it is forming a base and getting ready for a breakout for a swing trade opportunity.. I am watching for the breakout for a swing entry to the long side..
+1 Reply
treder PerpetualLearner
5 months ago
me too I'd like to observe the long side but so on the daily chart It gives me no ideas except at a discount price. The indicators what say ? Sorry I did not watch this .
+1 Reply
PerpetualLearner PRO treder
5 months ago
Just published my idea for the help of the community
BMY getting ready for a bullish breakout
+1 Reply
treder PerpetualLearner
5 months ago
Interesting and complex . Isn't visible name of indicator.
Reply
PerpetualLearner PRO treder
5 months ago
I have hidden all my indicators as they just create a lot of clutter on my already cluttered chart... But the indicator I was referring to is a well known indicator called RSI( Relative strength index)... you can check out my earlier published charts and you can see the names
Reply
treder PerpetualLearner
5 months ago
Good , a nice visibility job. RSI configures an oversold status
Reply
treder treder
5 months ago
it looks reliable for the short run
Reply
treder treder
5 months ago
$BMY hit the resis R1...
Reply
treder treder
4 months ago
Play my expectation and see what i said "short by r1 expected" :)
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out