Bristol-Myers Squibb – Tick Insights

CFD Trading – Buy Bristol-Myers SQ (BMY.NYS) @ $78.95. Stop @ $76.60 and Target @ $85.50.

June 27, 2022Nicholas

Bristol-Myers SQ Stock Code BMY.NYS

Outlook

Price broke and closed above a previous 52-week high in the previous trading session. Price also broke above a recent high, creating an Ichimoku V-shaped reversal with a price projection target at $85.50. Conversion line and Base line had a bullish crossover and is hinting of a bullish price trend. Lagging Span is above price of 26 days ago and is above the cloud, confirming the bullish price trend. MACD has a bullish crossover and is hinting at a bullish price trend. We think price is likely to move higher to the Ichimoku V shaped price projection at target $85.50 in the next 2-3 weeks.

Strategy

$78.95 Sell

$85.50 Price Target

$76.60 Risk Management Stop

3 weeks Trade Duration

CFD Trading 28 May 2019

May 28, 2019June 6, 2019Nicholas

General Electric Company Stock Code GE.NYS

Outlook

Price is currently inside the cloud but it is almost at the edge of the cloud. Price could be about to break below the cloud. Both Conversion and Base lines are above price, which is a short term sign of a bearish trend. A small gap was opened up two days ago, hinting of a bearish trend. MACD is bearish and is about to go below zero line, which is a hint of a bearish trend ahead. Price could be heading back to the previous low of $8.78.

Strategy

$9.75 Sell
$8.78 Price Target
$10.10 Risk Management Stop
4 weeks Trade Duration

Bristol-Myers Squibb Co. Stock Code BMY.NYS

Outlook

Price went into the cloud 3 days ago, during the process of a corrective rally but that rally has failed to sustain and price has just broken below the cloud. A possible Double Top may be forming as price was unable to move above $47.82. If price is unable to move above this resistance, it is likely to decline to $44.23. Both Conversion and Base lines are supporting price at $46.70. A price move below $46.70 would trigger the decline to $43. MACD is still bullish at the moment, but it looks weak.

Strategy

$46.90 Sell
$48.10 Price Target
$44.25 Risk Management Stop
3 weeks Trade Duration

CFD Trading 1 April 2019

April 1, 2019June 6, 2019Nicholas

Bristol-Myers Squibb Co Stock Code BMY.NYS

Outlook

Price declined below the cloud after both Conversion and Base lines had a bearish crossover earlier, confirming the downtrend in progress. Price is also below the Conversion line, which is an indication of a strong bearish trend. MACD confirms the strong bearish price trend. MACD is bearish and is still trending lower. Given the strong trend, we would expect price to test the support at $44.26.

Strategy

$48.20 Short Sell
$44.30 Price Target
$50.85 Risk Management Stop
3 weeks Trade Duration

Seagate Technology PLC. Stock Code STX.NAS

Outlook

Price has turned up from just below $46 and on Friday, the candle was green and long, indicating the correction could have ended and price could be about to move higher. On Friday, price had moved above the Conversion line as well as the Base line and closing above both lines. Price should be moving higher to test the gap resistance zone at $51.50 to $52.80. MACD is still bullish and above the Zero line.

Strategy

$47.50 Buy
$51.50 Price Target
$44.50 Risk Management Stop
2 weeks Trade Duration