Wedge peak ahead
Opened 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
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
Nota
JP Morgan PT 78. This will help, toostreetinsider.com/Analyst+PT+Change/Bristol-Myers+Squibb+Co.+(BMY)+PT+Raised+to+$78+at+JPMorgan/17475942.html?si_client=tipranks-17475942-161cf1d689
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.