So many things to like about this current setup. Aside from a strong advanced decline line allowing the baton to be passed to other names to further participate in the melt up rally...
Divergence with the RSI showing the true bottom and now there is a volume shelf setup which triggers just around $51. A break above that will also be met with a VWAP as resistance so that is a key level. Also, gap fill at $57 which just happens to be right below top of volume shelf at $59. On high way for a large upside move considering BMY has a beta of about .60
Divergence with the RSI showing the true bottom and now there is a volume shelf setup which triggers just around $51. A break above that will also be met with a VWAP as resistance so that is a key level. Also, gap fill at $57 which just happens to be right below top of volume shelf at $59. On high way for a large upside move considering BMY has a beta of about .60
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.