4BMY trade ideas
$BMY EntryLooking for an entry at the current close of $61.99. 5-year chart and 1-year chart are both holding their 200 day SMA. 2% dividend yield as well. Worth a position with a stop below $60
Breakout & Waiting for retest to buyRising Channel, Breakout Rectangle, Supply and Demand, Good Price Action.
BRISTOL MEYER - US PHARMA STOCK BREAKING OUTBuying dips on BMS Stock. Watch for the 55.20-54.70$ area.
I am targeting for now 60$ and stop should not be placed too far away. 53/52$ seems reasonable to have a nice R:R.
Hourly Chart:
Watch the corrective channel, this might setup a nice long opportunity.
Blessings to you all.
BMY Early Trade BULL, about to breakoutBMY is showing a potential breakout with a great reward to small risk. My indicator is showing extremely oversold conditions and pair those conditions with the strong supports on the chart. I believe we will have a reversal!!! Buy in early to get a great price!!
BMY multiple confluence for long sideBMY looks like it is testing neckline of double bottom. Also looks like a breakout of a flag pattern. It could be going into a Elliott wave 3.
$BMY could set up possible bull flag over yesterday's highBMY could set up possible bull flag over yesterday's high
