The Long Investor
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$BMY - WATCHLIST -
🕑 Added 2025-05-20 19:53:06 +0000 UTC$BMY has my attention again after pulling back since testing the 200 WMA at $61 and pulled back to the 0.78 Fib at $44.
If the price action can hold at this higher low, then this pull back is complete and this would be Wave 2 complete.
With this being considered, the 1.618 Fib is therefore at $82, which aligns very well with the rising wedge yellow top line, which has been in place since 1999.
Strong fundamentals here too and a dividend of +5.25%
I am adding this to my watching list and will be watching for the start of a new impulse wave, Wave 3.
Comments
Allen Bjur
Really like this
HadiiHadii
This name has had a ton of insider purchases as well
