Bristol Myers Wave Analysis 20 November, 2020

• Bristol Myers reversed from resistance area

• Likely to fall to 60,00

Bristol Myers recently reversed down from the resistance area lying between the two strong resistance levels  64,00 and 65.20 (which has been reversing the price from May) and the upper daily Bollinger Band.

The downward reversal from this resistance area started the active minor corrective wave 2.

Bristol Myers is likely to fall further toward the next round support level 60,00 (target price for the completion of the active corrective wave 2.).