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BMY Wave Analysis 21 January, 2021

BMY Wave Analysis 21 January, 2021

• BMY reversed from major resistance level 66.10

• Likely to test support level 64.00

BMY recently reversed down from the major resistance level 66.10 (monthly high from October) – standing well above the upper daily Bollinger Band.

The same resistance level 66.10 reversed the price sharply at the beginning of January – which started the previous sharp downward impulse wave (C).

BMY is expected to fall further toward the next support level 64.00 (former monthly high from July).

BMY Wave Analysis 21 January, 2021


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