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January 21, 2021 at 03:48PM
• 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).
From: The FxPro Tech Analysis Team https://fxpro.news/market-snapshots/bmy-wave-analysis-21-january-2021-20210121/
Selected by fonecable.com
Search Web: BMY Wave Analysis 21 January, 2021
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