- Bristol-Myers rising inside impulse wave (3)
- Likely to rise to 57.00
Bristol-Myers continues to rise inside the medium-term impulse wave (3), which started earlier from the key support level 54.00 (former strong resistance from November and March).
The active impulse wave (3) belongs to the long-term upward impulse sequence ③.
Bristol-Myers is expected to rise further and retest the next resistance level 57.00 (top of the previous impulse wave (1)) – after which it can rise to 60.00.