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Ascending Triangle on Bristol Myers Squibb

Updated: 16 Jul 2021

BMY is trading below it's previous high of $77 and is currently forming an ascending triangle with resistance around $67

The stock is trading with bullish momentum and RSI is rising, indicating we're likely to break above the triangle formation in the next few days

We're initially looking to take profit around previous resistance at $70 but if momentum is still there at that level will look for a further move to $77

 

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