BMYMight be my favorite setup right now short- and long-term. Massive cup & handle, posted the quarterly chart a while back. This thing is ready to rip imo.Longby Essendy1
BMY Flirting With Historic TerritoryWhen I say "historic" for BMY I'm not talking ATH but the stock's encroaching on an area that has been tested 3 times being rejected each time. This is the 236 fib area using 2016's high as the top anchor. It's been 5 years since BMY traded well above this area. But with the way attention is being placed on immunotherapy stocks, it could be something to keep in mind for BMY longs. " Both Bristol-Myers and Novartis recently gave updates on new FDA updates. Novartis’ NIS793 gained FDA Orphan Drug Designation, while Bristol-Myers’ recent earnings update revealed strong sales figures from its lead cancer drug, Opdivo...B7H3 protein is a checkpoint molecule, which has very recently become a target for cancer treatment. While things are still in the very early stages for B7 molecules, as a whole, early research is also finding new potential for targeted cancer treatments. For instance, Merck’s (NYSE: MRK ) blockbuster drug, Keytruda, and Bristol-Myers’ YERVOY treatments target the same checkpoint inhibitors that are part of the B7 family (PD-1/PD-L1 and CTLA-4/CD80). They’ve also both demonstrated a clear survival benefit when it comes to immune-oncology treatment ." Quote Source & Read More: Hot Biotech Stocks To Watch After Sanofi’s Acquisition Of Translate Bioby PennyStocks1013
Rising Wedge on BMYI see a 5 wave count rising wedge pattern forming on the weekly chart. Short target is $56Shortby backtrick1
$BMY - wants to break out A lot of indicators are pointing me to BMY, I grabbed options last week I grabbed $65 strike, expiration Dec 17 because i give myself a lot of time on option plays and always set a stop loss. Longby katblat0
BMYThe beige line is the level, made by eye. The black line is the level, accurate. Above the first black line (when pinning, you can consider a long one) with the corresponding goals. It is also possible to fall down if this movement is from 2016 to 2019 wave A, and the current triangle is wave B and we are going to wave C. Remember this!by S0rt00
$BMY - looking gooooodWith the bull pennant forming on the weekly and the other indicators kicking in, this has promise. Longby katblat111
BMY - SEE YOU GUYS ON THE MOON 3M CHART - 85-100+Since 1969 BMY has been around yes. The fact this is chartable is wild. I think we see 70+ in 2-3 weeks 80+ after that new all time highs. I already am accumulating 700+ OTM options. Longby DigitalData1
Bristol BMY w24 2021. Short to 55Weekly Range Daily Uptrend I do not see signs of strong uptrend. COnsider short Open 68 SL 70 TP 56 RR 2,45Shortby DmitryZZZ0
Trade Plan BMY 15-06-21Trade Plan BMY Created 15/06/21 Strategy = Golden X; IY Indicator Trend Analysis TF =1D & 1H; Upper Zone/ etc EP = 67.34 ; CL =64 Risk = 3.34 TP = 70.34 Option Pricing Premium= 1.15; Delta = 0.47 Option Risk= 3.34*0.47*100*2=313.96 Expiry Date = (32D) 16/7/21 Time Stop = (11D) Longby yahyaismail61620
Broad bull channelIt is just for fun to draw two parallels lines. It may reach top of the channel soon.by shuqi09230
BMY breaking out of all time highBreaking out of all time high. If not rejected, first target is around $92Longby iklimbov220
$BMY with a Bearish outlook following its earnings #Stocks The PEAD projected a Bearish outlook for $BMY after a Negative Under reaction following its earnings release placing the stock in drift D If you would like to see the Drift for another stock please message us. Also click on the Like Button if this was useful and follow us or join us.Shortby EPSMomentum0
BMY LONG RPRICE TARGET TRUIST SECURITIESPrice bounde on tendency line on a big green bar, we also have price target $70 from truist, Resistance is also present Important note: ⚠️ All trades have risks that the investor must consider before investing. VivirdelTrading.club makes a disclaimer of any operation that may generate losses. All information transmitted by the channel, the page and the alert system is shared in good faith. There is no guarantee of 100% of the executed operations, as these are based on statistical models and assumptions regarding the past behavior of the price of a share, but they do not guarantee the same future behavior. Longby Vivir_Del_Trading0
$BMY BreakoutBMY looking to breakout from Jan 2020 run-up. Over all major EMAs. Active Sequence engaged on March 17, 2021 (8 over the 21). Additionally, looking at the Andrew Pitchfork it shows significant respect going back to 1994. Lastly, over the weekly POC from Volume Profile perspective and seems to be breaking out of the range. Initial price targets $70.12 and $77.88.Longby Khalsa0070
Small Short idea Not my usual trade but BMY does not have enough Vol for me to get decent premium selling a credit spread here. Technical Confirmation - Break below Broadening formation (or previous bars low) Execution: Short 50 shares - Stop at 66.20 - TP @ 63.31by ThetaTrades0
BMY PatternceptionBMY is in a Long term positive uptrend. Having broken out of a negative channel recently, it broke out with decent volume of the negative channel, signifying a potential end. I wouldn't call the next negative channel a flag because it is overextended, but it is there. A selloff that was right about to enter the previous negative channel, but bounced off of it with again, average volume. We then began to rise in an upward direction for what I initially thought was a channel, but I believe it is a rising wedge. I opened an iron condor set with some tight parameters. $64-$65 on the call side and $62-$61 on the put side, $100 in collateral. I am looking to have a staggered exit strategy. I will close the put credit spread tomorrow morning at 50%, and ride the call credit spread train down. My bet is It will not go any higher, and tomorrow's trading day (3/23/21) will be a slow one in my opinion, with the stock testing $62.30, which is very likely to break. If you are a less risky trader, wait for a volume confirmation below the channel. I expect a fat drop to the $61 levels. It needs to cross fib levels to get to $60, which I haven't applied for simplicities sake Define your losses, define your risks, and use my chart as a template! I left some smaller patterns in there for you to practice. Hint: think Continuation patterns or Reversal patterns Good luck out there!Shortby javaman13760
BMY - 30min charthpc software discovered a CRAB pattern so : SHORT around 63.00 T1 61.75 T2 61.00 SL closing above Shortby Harmonic.Traders0