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Short

BMY appraoching resistance, potential drop!

NYSE:BMY   BRISTOL-MYERS SQUIBB CO
BMY is approaching our first resistance at 54.09 (horizontal swing high resistance, 50% Fibonacci retracement , 100% fibonacci extension ) where a strong drop might occur below this level pushing price down to our major support at 50.25 (61.8% fibonacci retraecement, horizontal swing low support).
Stochastic (34,5,3) is also approaching resistance where we might see a corresponding drop in price.
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