The Long Investor
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$BMY - WATCHLIST -
🕑 Added 2025-02-06 12:46:49 +0000 UTCShowing another example of how the 200 WMA behaves like a magnet and this one is pure textbook too.
Price pulled back to the 0.618 Fib in 2024 at $41 (highlighted at the time) and has bounced perfectly up to the 200 WMA at $60 for a +50% gain.
I suspect a pull back is needed now before it can break above the 200 WMA so I have added in the smaller green fib levels, with the 0.5 Fib at $50 being the level of interest at the 50 Day MA....a hold here and you have a buy signal.
Dividend +4.1% and a fantastic company.
