Today's price weakness to hold above 170 was a big concern and a sign of big guys are not ready to jump in now. If what we see is accurate, there is higher chance that IBM may finally retest 155 area next 3-months and that could be a market indicator for what to come next 3 months. If you decide to take a short position, make your stop lose at 172.5 with target prices 155 and 145 area.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.