Immediate targets 61, 59, 56, 53. Invalidation at 79.
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 red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically...
Healthy pipeline.
Sitting at 3.32% yield and 8.62 P/E (norm is 18.65 and 5Y norm is 11.17) with earnings growth rate approx. 6.18% since 2000 but has increased to 15-16% if you look at the 10Y and 5Y norms.
Estimates are for about 4-6% the next 2 years.
A+ Credit Rating
48LT Debt to Cap
PT $96 by 2023 using a 7% earnings growth rate and 12 P/E
HUGE saucer...
Immediate targets 61,59, 56, 53. Invalidation at 79.
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 red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely...
BMY is presently in a wedge. Though a breakdown is certainly possible over the next decade, what are reasonable breakout levels to watch? This chart with Fib levels induced by the move from all-time lows to all-time highs gives some clues.
Approximately $75 is first up, then approximately $120.
An upward breakout of the long-term resistance level could lead to an increase in the area of 81. In the long-term, the growth could continue to the area of 93.
Conviction: 4/5
might be better to buy when the stock goes over 1998 resistance
General Thesis
bouncing off of multi-cycle support (since 1974)
Weekly RSI showing sliiight bullish divergence
Growth
Margins quite low compared to own history
low growth
Value
very cheap
Fundamentals
low debt/asset ratio and plenty of cash to deal with...
Pays a dividend. This has a lot of different bullish patterns and if it falls through the floor, I'll laugh histaricly. Cup n' handle, bull-flaf, IHS. I'll leave a channel but feel free to find waldo! Cheers.
risk reward tool gives you idea about ENTRY ,STOP LOSS AND TARGET
yes its good time to invest
when I get the idea that this script is not bullish anymore I will let you know guy
Could be trying to bounce here. Holding up after earnings, bullish rsi divergence, & near support at the 0.382 retracement. ABBV is having a solid reaction after its earnings today. Thinking BMY might try to follow.
www.tradingview.com
Amazing RSI divergence on daily chart on a support key level.
Waiting confirmation with volume or candelstick to setup the perfect entry time.
Fibo 0.5 or 0.618 to be use for the TP as target.
To keep on watchlist.
Looks like a little more downside is possible through remainder of month, but BMY is primed for a very strong October if the algorithms are correct and history continues to be accurate.
Based on historical movement, the trough could occur anywhere in the larger red box. The final targets are in the green boxes. The pending top should occur within the larger green...
