IBM: 1 more rejection at the top?
Longterm I am very very bullish on IBM, but I was in since 135$ so this was a nice trade. I am out for now, definitely looking to get back in.
I expect one more leg down, for a very bullish breakout later on - IBM basically pumped for something simple as a new CEO.
If it breaks out on this resistance, so be it! Good luck to everyone holding at this point, I don't like the RSI and STOCH RSI being oversold AND being at a resistance currently.
I expect one more leg down, for a very bullish breakout later on - IBM basically pumped for something simple as a new CEO.
If it breaks out on this resistance, so be it! Good luck to everyone holding at this point, I don't like the RSI and STOCH RSI being oversold AND being at a resistance currently.
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Hit the target, expecting a red day tomorrow and ibm at around $90, nice entry longer term