Posted by foody518 on 21st of May 2021 at 02:01 pm
BMY is getting really close to the pre crash highs of 68.34 as
well as its 1 year uptrend channel resistance. It looks like it may
end the day on an inverted hammer as well. Looking to see if
a short is appropriate on this come Monday
Posted by mitchell on 21st of May 2021 at 02:14 pm
Interesting TradingView shows that pre-covid high and
Stockcharts shows couple pts lower w/ all previous highs
surpassed...even PnF shows a triple top bullish breakout. BMY
is a LT holding of mine and charts look good. Its typ a slow and
steady mover.
Posted by foody518 on 21st of May 2021 at 02:28 pm
I'm not sure why there is that discrepancy. I have 68.34 (upper
wick, not close) on January 22, 2020 on both TradingView and
Fidelity's trading program that I use.
I was long BMY in April and missed this last run thinking it
would do an abc type pullback before going up. Agree with you that
it is a slow and steady mover and is in a gradual uptrend. This
idea was like a quick/moderate put or short to 62-64s, observing
that it only tends to push up so much before coming back down.
Regarding the discrepancy, in TradingView, click on the "adj" in
the lower right of the chart window to adjust the chart for
dividends. With adjustment, it has exceeded last year's
highs; without adjustment, it has not.
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BMY is getting really close
Posted by foody518 on 21st of May 2021 at 02:01 pm
BMY is getting really close to the pre crash highs of 68.34 as well as its 1 year uptrend channel resistance. It looks like it may end the day on an inverted hammer as well. Looking to see if a short is appropriate on this come Monday
BMY update
Posted by foody518 on 26th of May 2021 at 01:41 pm
BMY update
BMY still down so far
Posted by foody518 on 3rd of Jun 2021 at 12:50 pm
BMY still down so far
BMY update
Posted by foody518 on 8th of Jun 2021 at 05:01 pm
BMY update
BMY thanks foody518 for your
Posted by ridgetopab on 8th of Jun 2021 at 05:18 pm
BMY thanks foody518 for your earlier post on this
Was a nice bear credit spread 67.50 / 65.00 for Jun expiry
You're welcome! I'm so relieved
Posted by foody518 on 8th of Jun 2021 at 07:51 pm
You're welcome! I'm so relieved to post something that actually worked out, heh.
My options game is very very basic - a bear credit spread is for when you're already long the position?
BMY - and just like
Posted by foody518 on 10th of Jun 2021 at 01:32 pm
BMY - and just like that it looks like it wants to push those highs
Interesting TradingView shows that pre-covid
Posted by mitchell on 21st of May 2021 at 02:14 pm
Interesting TradingView shows that pre-covid high and Stockcharts shows couple pts lower w/ all previous highs surpassed...even PnF shows a triple top bullish breakout. BMY is a LT holding of mine and charts look good. Its typ a slow and steady mover.
I'm not sure why there
Posted by foody518 on 21st of May 2021 at 02:28 pm
I'm not sure why there is that discrepancy. I have 68.34 (upper wick, not close) on January 22, 2020 on both TradingView and Fidelity's trading program that I use.
I was long BMY in April and missed this last run thinking it would do an abc type pullback before going up. Agree with you that it is a slow and steady mover and is in a gradual uptrend. This idea was like a quick/moderate put or short to 62-64s, observing that it only tends to push up so much before coming back down.
BMY ... ST reversal from
Posted by ridgetopab on 21st of May 2021 at 03:11 pm
BMY ... ST reversal from over bought divergent high shooting star today
MS down graded PT to $62 Apr 30
Will previous pattern of selling off from spikes repeat?
Regarding the discrepancy, in TradingView,
Posted by rjdst on 21st of May 2021 at 03:02 pm
Regarding the discrepancy, in TradingView, click on the "adj" in the lower right of the chart window to adjust the chart for dividends. With adjustment, it has exceeded last year's highs; without adjustment, it has not.