BMY - Possible Long Swing TradeBMY is currently testing support in a large channel. Bearish pressure is visibly waning (see MACD) however bulls still needs to prove it's ready to change direction by breaking and closing at least a 4 hr to the upside of the orange trendline. We can remain bullish with a quick wick down to the lower trendline where we found the lows on June 15 and October 29 before breaking up however I would like to see this get bought up very quickly. If we break below 56.76/share for any time frame, I'd immediately turn short term bearish. Bullish target price: 67.84/share. Risk to reward ratio: 4 to 1. ***not financial adviceLongby johndustinsloan0
BMY - Channel PlayTrendline support with MACD starting to curl back to the upside. Easy play, with good risk to reward ratioLongby johndustinsloan0
BMY long [Target: $80] Don't sleep on this one! **Not financial advice, do your own research!**Longby jfs2152Updated 112
$BMY with a bearish outlook following its earnings #BeststocksThe PEAD projected a bearish outlook for $BMY after a negative under reaction following its earnings release placing the stock in drift D If you would like to see the Drift for another stock please message us. Also click on the Like Button if this was useful and follow us or join us. Shortby EPSMomentum0
BMY support level.First bounce likely here. Keep watching for a cosolidation or double bottom or +ve divergences. Weekly MACD is not in good shape.by simbha2
BMY Pending Breakout LongBMY gapped up this morning showing good strength. Targeting the 52 week highs above. Longby LiquidityTrackerUpdated 1
$BMYAmazing chart its looking beautiful, volume is coming in nicely a break and potential Wave 1, 2 that aligns with larger degree fibs, remind me of Uber before it took off for its ATH , amazing find by Tomikazi entily a pure gold play overall same targets my chart is a little more bullish but i am loving it! Volume average is increasing and ER is coming up also!Longby Raulf-m1
Long Bristol Myers for 2021 and beyond- Technical w/FundamentalBristol Myers is in a great position both fundamentally and technically. Time horizon is 1-2 years. Technical: Ascending Triangle with Price above the 30-day and 210-day simple moving averages. This could squeeze into the previous highs set in 2018 and 2016 (~$75). We want to see the price continue to stay above these averages as well as the trend line connecting the recent higher lows. Fundamental: -Recent Celgene acquisition adds $18B in revenue and diversifies BMY's product portfolio. Before the acquisition, BMY's Top 3 Drugs made up almost 75% of its total revenue. After the acquisition this same ratio is only 43%, decreasing BMY's reliance on its top 3 drugs. -Last three years the average P/E based on operating earnings for BMY has been 14.21, and at their current price they are trading at a 9.79, suggesting they may be currently undervalued. -Dividend of $1.92 or 3.14% yield -21.41% Adjusted Operating Earnings growth rate -A+ S&P credit rating Price Target = $100-110 Longby kylespangladesh0
BMY - EW analysis - Bull count BMY - It is in 3rd of C of Y wave up. Buy in pull back with stop level below 59.90 for target above 67. Give thumbs up if you really like the trade idea.Longby EWFcw7
BMY - EW analysis - Bull count BMY - It is in double zigzag up move from major bottom. The C of Y wave is in progress, wait for 2nd wave pull back to get in to buy set up for target above 67 to finish the whole cycle with stop level below 59.90. Give thumbs up if you really like the trade idea.Longby EWFcw5
SHORT BMY R:R = 6.44A bit of an aggressive target, around 57 might want to take some profits if it gets there. Shortby asenski0
$BMY with a slight bearish outlook The PEAD projected $BMY with a slight bearish outlook after a negative under reaction following its earning release placing the stock in Drift D If you would like to see the Drift for another stock please message us. Also click on the Like Button if this was useful and follow us or join us. Shortby EPSMomentum0
BMY -30m chart After achieving the first target, prices return to the potential reversal zone Therefore, buying 61.70 to 61.45 T1 63.40 T2 64.40 SL closing under 6065Longby Harmonic.Traders2
BMY - H chart BMY - H chart buy 61.70 to 61.45 T1 63.40 T2 64.40 SL closing under 60.70Longby Harmonic.Traders222