BMY Swing Trade
Updated
Bristol-Myers Squibb Co (BMY)
BMY has been on a downtrend since December 2022 but since its recent Dividend payout followed by good earnings, it seems like a reversal of trend is in the making.
Following a month-long consolidation period, a bullish candlestick formation at today's close could indicate a favourable entry point. I anticipate a short-term price movement towards $53.
BMY has been on a downtrend since December 2022 but since its recent Dividend payout followed by good earnings, it seems like a reversal of trend is in the making.
Following a month-long consolidation period, a bullish candlestick formation at today's close could indicate a favourable entry point. I anticipate a short-term price movement towards $53.
Trade closed: target reached
TP reached!
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