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.
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BMY trade ideas
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.
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SHORT BMY R:R = 6.44A bit of an aggressive target, around 57 might want to take some profits if it gets there.
$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
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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 6065
How to Develop a Short Trade using Top-Down AnalysisGood morning traders!
Today we want to show you a practical case of how to apply multiple timeframes for the complete development of a trade. In this case it is BMY stock, and it is a trade that we ourselves will take if what we are expecting happens.
🔸What can we find in this chart?
- First, what we can see is that in the 4H timeframe, the price has been moving in a range of 15-20% since May.
- A few days ago, the price faced the resistance zone that is around $64-66. We consider it a resistance zone since every time the price reaches that level, it encounters a strong supply, which generates its subsequent downward movement.
- Based on this, we decided that once a clear rejection was given, we would look for an opportunity to take a short trade.
🔸Descending to the 15Min chart, we see that after the rejection in the Resistance zone, the price generates a breakout of the Ascending Trendline.
- Added to this behavior, the Support zone is penetrated strongly to the downside, and then the price consolidates forming a corrective structure in a pullback to the Resistance zone (previous support).
- This is our opportunity to look for a short trade.
- The corrective structure offers us a correct and safe R/R ratio.
- The point where we will look for the entry of the trade will be in the breakout of the local low, with a stop loss behind the structure and the resistance zone.
- And finally, the maximum target of the movement is the uptrend line.
BMY LongWeekly Wedge Breakout + Retest
Entry 63
Stop 61
target: 76;
I am not a PRO trader. I need few months to practice trading strategies.
If you like this idea, please use SIM/Demo account to try it, until my trading plans get high winning rate.
BMY: Contracting TriangleContracting Triangle
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BMS, you guessed it, going down. NYSE:BMYA complex correction, looking to continue. Down we go. Seeking to test or break the floor first and then the two fib goals traced. Not financial advice.
I Recommend SELLING !BMY Will Decline Next Days
I Advais You To Sell It Now
The Target 58.20 USD
SToopLoss 66.12 USD
BMY accumulate on weakness -$55 CallsBMY might be ready to snap as it oscillates into earnings. Going to buy into weakness with a code red below $55 (unless this is post election over reaction)
WEEKLY ANALYSIS OF BRISTOL-MYERS SQUIBB COHI FRINDS
i recomend to keeping this stocks and too buy for this week
BMY - Elliottwave analysis BMY - It is in zigzag ABC wave of (Y) wave down cycle in complex correction and under-performing the SPX. Sell near 61.00-61.70 zone with stops above 62.45 for initial target below 57 level. Overall (Y) wave will end at around 54 or lower level.
Give thumbs up if you really like the trade idea.
Wedge peak aheadOpened a position today when the price bounced off the daily MA50.
Currently it sits right on a support line which also acted as a resistance the last couple of month.
Since it just broke through that resistance a week ago I see the current pullback as a retest of this area so that it becomes support.
On the weekly I recognised a slightly rising wedge (please let me know if it is feasible to ignore the breakdown in march - the circled one).
The PA needs to make a decision which way it wants to break the wedge cause we are getting close to its peak.
I believe in an upward move since the trend seems to me slightly bullish.
Entry: 60.85
TP1: 65
TP2: 68
SL: 57
BMT: Bullish Wave In ProgressContracting Triangle
TP 1 = 63.4 near trend line
TP 2 = 68.23
TP 3 = 72.50 extended target
Please don't forget to FOLLOW, LIKE, and COMMENT ...
If you like my analysis:)
Thank you and Good Luck!
