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BMY appraoching resistance, potential drop!

NYSE:BMY   BRISTOL-MYERS SQUIBB CO
BMY is approaching our first resistance at 52.39 (horizontal swing high resistance, 100%, 61.8% fiboancci extension, 76.4%, 50% Fibonacci retracement ) where a strong drop might occur below this level pushing price down to our major support at 48.35 (horizontal overlap support, 50% Fiboancci retracement).
Stochastic (55,5,3) is also approaching resistance where we might see a corresponding drop in price.
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