Nobody asked me to post, just sharing some DD.
I hold some in both personal and IRA portfolios, and also sell some put spreads and covered calls. I need it to calm down accounts with overall higher beta – hedge and dividents staff… Some immidiate S/R levels are listed below:
R for taking some profit and to wright CC's: 81.44 , 83.84, 87.09 – those are a bit shorter term and will come into play on the breakout of 75-77.
Big pharma is consolidating after a good run. If BMY looses 1st support at 68.34-71.42 zone, it opens up the test (and Long) at next Support levels: 63-64 ans 60.
Long ans Medium term there're multiple bullish patterns, hence, once confirmed by breakout with conviction, I will hold longer than intended 2-3 years. Stock was capable to have alost decade long bull run in the past. Once institutions reload their positions, very narrow current range will be taken out – up or down.
PS I am unknown in here, but very good. You are welcome.
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