Big move of price down observed on Daily chart, price made correction and now after created good imbalances on H1 chart I see possibility do place sell limit order on the top (not as ussually FIBO 61.8) because of gap which usually are filled.
For my buy and hold strategy:
I look for BlueChip Dividend Payings Stocks that have traded down to 52-week lows and the long-term daily moving averages (200, 100, 50) are respective to one another in terms of height on the graph. For example, the 200 is at the top and the 50 is at the bottom. I then add the 10ema and once it crosses the 50 I look for an entry. I...
I love this trade. It is so pretty a girl like myself can easily fall in love. The risk versus reward is amazing as well with upside being 33% and downside being 7%. I bought 2,500 shares here. In addition, I love stocks that are like Old Faithful. They have been around forever, are not going anywhere and pay a great dividend. Yes please! I'll take 2,500! When...
Just an idea about BMY. Is this a "cup with handle" or "island reveresal?" or "rounding bottom"? Actually is out and close to going up (if patterns are right).
In RED: rounding bottom
in GREEN: cup with handle
what do you think about BMY? I have find no ideas to compare my points of view, thank in advance for feedback!
I am buying 5,000 shares of Bristol-Myers Squibb Co (NYSE:BMY). Just last week the stock reported stellar earnings and jumped sharply higher. Since then, in a week biotech/pharma market, $BMY has slowly pulled back. This slow pullback is called bullish consolidation and is actually setting up to rocket higher. With the stock trading off 52 week lows, it is a low...
Technically Speaking
As you can see from the chart, the 47.50ish level seems to be a good source of demand, at least in the past and looks like a good entry level for a long, stopping out somewhere below. Leave some wiggle room to account for volatility.
Fundamentals
Be aware, they announce earnings before the bell on 10/27 CST.
Looks like the big slide in...
