BMY in a bearish flag continuation pattern.Bristol-Myers Squibb Co - 30d expiry - We look to Sell a break of 65.18 (stop at 67.68)
Daily signals are bearish.
There is no clear indication that the downward move is coming to an end.
65.95 has been pivotal.
A break of the recent low at 65.28 should result in a further move lower.
Price action is forming a bearish flag which has a bias to break to the downside.
Our profit targets will be 59.18 and 58.18
Resistance: 68.00 / 70.00 / 72.00
Support: 65.28 / 63.00 / 60.00
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