BMY adding a value playI believe 2024 will be a year of value stocks. With such great tech performance last year it is getting harder to find opportunity in the market. I tend to be very comfortable buying into what people hate, I added a large amount of PFE recently hoping for it to play out how Verizon did for me last year. I am consolidating some risk from my stock portfolio into large cap value since I have so much risk with crypto already.
The weekly supertrend for BMY has not yet flipped bullish, but is is bullish on the daily. Now is buy time in Jan in my opinion as the monthly is contracting as well. The RSI swept the lows, and has a nice reset My first target is marked by the dashed green but I expect the .382 fib or 61$ as well.
