$BMY bouncing off long-term support (4/5)

21 ธ.ค. 2021

Conviction: 4/5
might be better to buy when the stock goes over 1998 resistance


General Thesis

• bouncing off of multi-cycle support (since 1974)
  
• Weekly RSI showing sliiight bullish divergence
  

Growth

• Margins quite low compared to own history
  
• low growth
  

Value

• very cheap
  
  • Fundamentals
    low debt/asset ratio and plenty of cash to deal with short term debts
    
    Potential Risks
    • expensive market...
      
    • long-term resistance around 76 since 1998