bmy showing strength here at this decade's low. really nice bull div on the higher time frames. expecting $70+ by eoy.
Reasons for bullish bias: - Double bottom formation - Entry is at neckline, for further confirmation - Price testing support - Divergence also indicating a possible reversal Entry Level(Buy stop): 53.14 Stop Loss Level: 47.38 Take Profit Level 1: 57.74
Hello TradingView Family / Fellow Traders, On Monthly: Left Chart BMY has been hovering inside a range between the 50 support and 70 resistance. Currently BMY is approaching the lower bound of the range, so we will be looking for buy setups on lower timeframes. On Daily: Right Chart 📈 For the bulls to take over, we need a momentum candle close above the...
We are in a major weekly demand zone here as you see. Yes, we have entered it fast but I like how Friday's daily candle rejected the zone, I will be looking for a bounce for at least this upcoming week.
4Hr chart showing a dip to a strong trend line in green I believe this green trend line will hodl and price will recover from this line Bars pattern shows my thoughts
Bristol-Myers Squibb Co - 30d expiry - We look to Buy a break of 71.21 (stop at 68.61) Prices have reacted from 65.28. 65.28 has been pivotal. Posted a Double Top formation. 71.07 has been pivotal. A break of the recent high at 71.07 should result in a further move higher. This stock has seen good sales growth. Our profit targets will be 77.71 and 78.71...
Bristol-Myers Squibb Co - 30d expiry - We look to Sell a break of 65.18 (stop at 67.68) Daily signals are bearish. There is no clear indication that the downward move is coming to an end. 65.95 has been pivotal. A break of the recent low at 65.28 should result in a further move lower. Price action is forming a bearish flag which has a bias to break to the...
Cup and Handle bullish pattern is evident on chart This is a Weekly timeframe Support is being found above the horizontal white dashed line
BMY chart is not encouraging if you are long the stock. We have just broken below cloud support, the bear market will likely worsen the next several months taking out all the "safe haven" stocks. BMY is slightly oversold here and should bounce at support around $72 before breaking and going lower. Next target $68.50 then $63.59 then lookout below
And we are going down. Most of the C Wave is probably done, but there is still profits to be made with good certainty. C Wave finishing itself off more or less. Fibgoals in place. We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in...
This stock has been stuck in the $75 range all year has fallen after therapy drug flops. Oversold and good for a bounce back to $70
BMY is within a nice upward channel due to this cup and handle formation The lower band of the megaphone pattern can be seen to be acting as the neckline of the Cup and Handle (amazing) Price should complete the Cup and Handle and move up to the top of the channel
Good evening. Fundamental analysis of the company was published in Seeking Alpha. I expect Bristol-Myers Squibb shares to correct in the $68-$69 per share range. Disclosure: This article may not take into account all the risks and catalysts of the assets described in it. Any part of this analytical article is provided for informational purposes only, does not...
Bristol-Myers Squibb Company ( NYSE:BMY ) Sector: (Pharmaceuticals: Major) Market Capitalization: $157.061B Current Price: $73.77 Breakout price: $76.75 Buy Zone (Top/Bottom Range): $73.20-$69.20 Price Target: $79.60-$80.20 Estimated Duration to Target: 92-97d Contract of Interest: $BMY 9/16/22 80c Trade price as of publish date: $0.98/contract
This is a non log chart for BMY I term the peaks mountains as each peak leads to another high that is similar to the prior This pattern on the non log chart has continued for years Right now the price is within the green zone (setting up to make a new higher peak)
$BMY has held up remarkably well during the market sell off. That said, I don't think that it's going to escape the downside for that much longer. We've tested the $77-78 region multiple times and just rejected again. Seeing the price action today makes me think that it's finally time for BMY to fall lower. Once $BMY breaks $75, there's not much holding it up. I...
Bought 100 BMY May 6th $75 puts. Will add for each $1.00 increase.