Watch the Descending Triangle on BMY closely. Trade with professional charting tools.
Bearish continuation pattern.
A clear signal has emerged for Bristol Myers Squibb (BMY) on the daily chart. With a last close of $54.0, volatility remains active (-2.32%). Price action has carved out a classic Descending Triangle. This setup is supported by average volume turnover. A potential breakout level is identified at $53.44, targeting $46.63 with support near $57.82 (R:R 1.55).
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