Bristol-Myers Squibb Company
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First leg of corrective wave A completes

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BMY has completed the first set of wave A after completing 5-wave internally. Currently, price action suggest that we may be staging a larger set of wave B as there is strong v-shaped bottom supported at 61.8% retracement level from 37.00-62.80. Furthermore, the larger structure is showing a strong higher low in formation.

Hence, we are looking at 50.62 as our 1st TP and 59.60 as our mid to long-term target.
Dagangan ditutup secara manual
Target fails to close above resistance at 50.62. May head lower and test 43.10

Penafian

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