Cup and Handle bullish pattern is evident on chart This is a Weekly timeframe Support is being found above the horizontal white dashed line
Looking like a short possibility, broke down from a rising wedge. Entry if it continues through volume shelf and previous price action hot spot at 78.5ish area. Healthcare has been one of the "safe" spaces for funds to hide
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
Up trend line break Earning 7/28/2022 Estimate 1.90 Short 75 Stop 79 Target 70, 60, 54 Risk management is much more important than a good entry point. I am not a PRO trader. In my trading plan, the Max Risk of each short term trade should be less than 1% of an account.
The PEAD projected a Bullish outlook for $BMY after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 66.67%.
Order SELL BMY NYSE Stop 68.08 LMT 68.08 will be automatically canceled at 20230401 01:00:00 EST BMY daily bearish hammer wave 3 downtrend below moving average 200
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...
Sell Stop 70.51 LMT 70.51 GTC Buy Limit 62.17 GTC Buy Stop 74.12 GTC BMY daily evening star reversal gotta be quick before earnings, all looks good.
BMY monthly wolf wave 5 set up Sell Stop 70.51 LMT 70.51 GTC Buy Limit 46.15 GTC Buy Stop 80.84 GTC
BMY daily indecision higher bearish volume below long day bearish.
Bristol-Myers Squibb Co Short Term - We look to Buy a break of 72.34 (stop at 70.99) Price action has formed a bullish ascending triangle formation. This is positive for sentiment and the uptrend has potential to return. Neckline resistance 72.00. A break of the neckline is required to confirm the formation. Further upside is expected. Our profit targets...
Nice and sweet long day bearish on daily, look at this volume. Trying to catch retracement on MA 100 and short it down till the end of the gap and even lower.
Moved my stop since if we take out this shaved top resistance we can change the direction.
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
The PEAD projected a Bullish outlook for $BMY after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 42.86%.
Cockroaches Love Vanilla Smoothies. Maybe. Regardless, BMY has been hovering around a long term resistance level at $76 with bearish divergence.
The stock BMY on our US watchlist just triggered a pullback buy signal. We are adding a 1/2 position to our US model portfolio.
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