This is a non log chart for BMY
I term the peaks mountains as each peak leads to another high that is similar to the prior
This pattern on the non log chart has continued for years
Right now the price is within the green zone (setting up to make a new higher peak)
Quarterly candles are showing a macro cup and handle, looks as though it needs to come down before we go up due to how to day looks.
Shooting start pattern closes at the end of this month with a potential triple top in the supply zone.
Stoch RSI over brought, RSI situated in the bullish zone.
Will not be buying unless we either break out or retest 61.39 and...
I bought $72 puts for the 6/17 expiration today at $0.44. It does look like BMY is possibly breaking out into a move downward. I am extremely new to options so I can be totally wrong on this and would like to hear opinions. What do you guys think? BMY
$BMY has held up remarkably well during the market sell off. That said, I don't think that it's going to escape the downside for that much longer.
We've tested the $77-78 region multiple times and just rejected again. Seeing the price action today makes me think that it's finally time for BMY to fall lower. Once $BMY breaks $75, there's not much holding it up. I...
COULD be starting its breakout of the cup & handle that has been in the making for 20+ years that I first mentioned almost a year ago. Would like to see a little more push with good volume in the last hour of today, otherwise could chop around a little more. Target remains $130 if it goes.
BMY looking like a short here. Playing the triple top with the bottom of the channel as the target. Can always scale out with the drop. Options play. Cheap puts $$$$
My BMY position with stop loss and target. BMY is flagging after a long uptrend. The flag is a little extended and longer than i'd like, but regardless I opened a small position on the 5 min time frame.
The PEAD projected a Bullish outlook for $BMY after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 33.33%.
Textbook pattern. Pharma products going through the roof due to covid and other reasons why this would be in high demand, also not too mention big investors adding to their portfolio.
Plenty of info online, please research before investing obv.
trade safe all.
This might be forming a long-term base here. I'm long with a stop-loss at $62 (has to be a weekly close below $62). Part of my longest-term trading system.
Bristol-Myers Squibb Company (BMY) is a biopharmaceutical company that engages in the discovery, development, licensing, manufacturing, marketing, distribution and sale of biopharmaceutical products. It offers products for a range of therapeutic classes, which include oncology, immunology, cardiovascular and fibrosis.
Investments continue to flow into the...
The PEAD projected a Bullish outlook for $BMY after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 20%.
