As can see IBM has a retracement an it has consolidated itself & is ready for another Bullish Cycle. A good investment opportunity.
Not liable for anybody in any regards.
Not a financial advice
Thinking if this spikes hard up into the 126 level that it should give a nice fade opp. Stacked monthly/quarterly pivot area as well as the descending 20d coming down into it.
Why: QP + Whole # (140) + 50D SMA
Reported earnings on Wednesday AH, the numbers did not seem to be impressive. Have to see how it opens, gapped down in the AH. Might be a nice one to join for a fade
Needs a deep pullback to get me interested, but i’m in no rush. 139-140 is the area I want to start considering it. It very well may push towards 145 where I’m hoping it finds enough resistance to send it back to my levels. Remember, in the bigger picture this could have a really move setting up if we finally get back over those highs put in back in May
On May 26, the price broke through the resistance level of $ 141 and went up to $ 148, from where it rebounded later. Now the price is testing the $ 148 resistance level again. If it breaks through and consolidates there, then there is a growth potential of $ 155 or may rebound to $ 141. It cannot be ruled out that the price may move sideways for a while, until it...
