Bristol-Myers Squibb CompanyGüncellendi Is this "shakeout"candle the buying candle for a turnaround?
Swing Trade Preparation?
After Bristol gapped down, the stock is trying to find a bottom - the down-dynamic increased- but we haven`t seen a countermove yet.
I will illustrate how you could use that for a longtrade with a very ggood CRR.
1. Opening a longposition at the present Niveau is interesting because the RSI is still strong oversold and signs a possible upcoming long-Signal. The daily-candle also could be a bullish one.TP could be the 38,2 fibo @ 63.5
Furthermore, the stock is trading at a Level, which was already bought 5 times and the the uptrend-line is not far away. A normal correction up to the fibo 38,2 is thinkable- Here is also based the gaps bottomedge as a resistance.SL near below the support-Level @ 56.35 -> TP1 = GAPs bottom / 38,2 fibo @ 64.75/65.4
2. Reaching the gap would fool me to think about a "gap-close"-Play. Here you could open a second Long Position with TP: Gapclose
3. Trading below the illustrated supportlevel 64.75-65.4 will initiate a bigger midterm/longterm shortsignal
resistances: 64.75 (gap) / 65.4 (38.2) 67.67 (0,5) / 64.94 (62,8) /58,08/56.09 (uptrend) / 56.35 /
supports: 55.0/ 51.8 / 47.5 / 46.3
Comments are welcome - agree or disagree
After Bristol gapped down, the stock is trying to find a bottom - the down-dynamic increased- but we haven`t seen a countermove yet.
I will illustrate how you could use that for a longtrade with a very ggood CRR.
1. Opening a longposition at the present Niveau is interesting because the RSI is still strong oversold and signs a possible upcoming long-Signal. The daily-candle also could be a bullish one.TP could be the 38,2 fibo @ 63.5
Furthermore, the stock is trading at a Level, which was already bought 5 times and the the uptrend-line is not far away. A normal correction up to the fibo 38,2 is thinkable- Here is also based the gaps bottomedge as a resistance.SL near below the support-Level @ 56.35 -> TP1 = GAPs bottom / 38,2 fibo @ 64.75/65.4
2. Reaching the gap would fool me to think about a "gap-close"-Play. Here you could open a second Long Position with TP: Gapclose
3. Trading below the illustrated supportlevel 64.75-65.4 will initiate a bigger midterm/longterm shortsignal
resistances: 64.75 (gap) / 65.4 (38.2) 67.67 (0,5) / 64.94 (62,8) /58,08/56.09 (uptrend) / 56.35 /
supports: 55.0/ 51.8 / 47.5 / 46.3
Comments are welcome - agree or disagree
Not
It´s reall getting dangerous! Emir iptal
Not
that is really ugly 
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Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.