IBM eyes on $230.71: Key support going into Earnings
Followup to my Long Call that got 40% plus (click).
Big Blue has been flying since our entry.
Currently tap dancing on a Genesis fib.
And reinforced by Covid Fib just below.
Earnings tonight will make next move.
If dumps, look for supports below to buy.
If pumps, I will calculate new targets above.
$ 229.05 - 230.71 is the exact level to hold.
$ 218.38 - 218.70 is minor support below.
$ 201.91 - 203.19 is major/critical support
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Previous Alert that launched EXACTLY from entry, for >40% gains::
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Big Blue has been flying since our entry.
Currently tap dancing on a Genesis fib.
And reinforced by Covid Fib just below.
Earnings tonight will make next move.
If dumps, look for supports below to buy.
If pumps, I will calculate new targets above.
$ 229.05 - 230.71 is the exact level to hold.
$ 218.38 - 218.70 is minor support below.
$ 201.91 - 203.19 is major/critical support
.
Previous Alert that launched EXACTLY from entry, for >40% gains::
==================================================================
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Trade closed: target reached
PLUNK(yellow shaded area is from posting time.
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Zoom IN (m5) and some notes:
We are a serious support that needs to hold.
$ 205.90 immediate resistance to be flipped.
$ 203.19 Genesis fib but a minor ratio
$ 201.91 a Covid fib and Golden ratio (major).
So we are looking for a bounce here.
Short scalpers should close some/all.
Long holders might add some here.
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the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag
the Trading View is my Nation
the Moderator Tag is my Flag
Related publications
Disclaimer
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.
the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag
the Trading View is my Nation
the Moderator Tag is my Flag
Related publications
Disclaimer
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.