BMY

[KGTrader4]

I like this chart a lot. Above all 3 Ma’s, 50 and 200 day EMA rising. Building a tight base after a nice rise.
Top industry in a highly ranked sector
fundamentally, forward PE of 10x, 2.9% dividend yield.

Tell me what I’m missing in my simple, noob level analysis. (Aside from we’re in a Bear Market)

 

[treeman]

Nothing. Ridiculous chart given the environment. Basically the only thing you’re missing is that the market is for shit(but you’re not missing that). What that means is that your probabilities go down. It beats bottom fishing stocks that keep going down. That’s just guessing.

 

[vincentnyc]

bmy came up on my daily scanning along with mrk and lly as of today 5/23/22.

nobody knows. if you believe in the trade, place your bets and put in your stop loss.

but like you said, we are in a bear market...so be careful my grasshopper.

 

[easymon1]

I like this chart a lot. Above all 3 Ma’s, 50 and 200 day EMA rising. Building a tight base after a nice rise.
Top industry in a highly ranked sector
fundamentally, forward PE of 10x, 2.9% dividend yield.

Tell me what I’m missing in my simple, noob level analysis. (Aside from we’re in a Bear Market)

View attachment 285302

May 23, 2022

 

[KGTrader4]

Yup, a time for caution

if I bite, I’ll buy small. Need the practice .

 

[deaddog]

Yup, a time for caution

if I bite, I’ll buy small. Need the practice .

LOL!!
You need practice doing what?
Sitting on your hands?

I know you want to do something. Why not turn off the media and write out your trading plan?

 

[KGTrader4]

LOL!!
You need practice doing what?
Sitting on your hands?

I know you want to do something. Why not turn off the media and write out your trading plan?

As an Advisor, when it came to grunt work I was known as a great procrastinator lol

 

[deaddog]

As an Advisor, when it came to grunt work I was known as a great procrastinator lol

I can see that. We should form a procrasttinators club right after you write up your plan.
How would you handle a client such as yourself. I think somewhere else you mentioned that you'd fire them.

 

[KGTrader4]

Serious answer… nope I fire them when they become PITAs, like complaining, whining, not taking advice on a consistent basis. If I gave them homework, and they didn’t do it, I just wrote it in my notes to cover my ass.

 

[maxinger]

I like this chart a lot. Above all 3 Ma’s, 50 and 200 day EMA rising. Building a tight base after a nice rise.
Top industry in a highly ranked sector
fundamentally, forward PE of 10x, 2.9% dividend yield.

Tell me what I’m missing in my simple, noob level analysis. (Aside from we’re in a Bear Market)

View attachment 285302

I hate this chart alot.

It doesn't want to go up.
It doesn't want to go down.
It just want to stay between 74 and 78.