Finally showing signs of basing after that huge drop 2 weeks ago. Touched a low of $58 which had been support previously last Fall (Sept/Oct) and holding. Waiting for a crossover of the 5dma over 10dma then getting long.
$BMY has been struggling the first half of this year, but things are about to get worse. So far this year, each downward slide has been able to hold Sep/Oct13 resistance line converging with the 61.8% fib from the late Aug13 breakout level. Last week that crucial line was severed aided by the downward pressure of a death cross. This lower low break on high selling...