IBM Corp Daily (12.08.2014) Technical Analysis Training
The IBM Corp (NYSE:IBM) Daily Diagram Technical Analysis training shows the following:
IBM share has reacted from the bottom of KUMO and nw is exactly on the EMA 200. The 0.618 of fib @188.42 is the test for today.
So the first think in mind is the overcome of Top of KUMO and the KijunSen_Tenkan Sen resistance at 189.99 for this week.
We have no special candlestick pattern. The share is into the KUMO and under the Kijun Sen (blue line) and Tenkan Sen too (green line). The Chikun Span has a block of resistance.
There is no special pattern.
Long for 188.42 first and 189.99 secondly. Stop loss 185 (0.5 of fib).
IBM share has reacted from the bottom of KUMO and nw is exactly on the EMA 200. The 0.618 of fib @188.42 is the test for today.
So the first think in mind is the overcome of Top of KUMO and the KijunSen_Tenkan Sen resistance at 189.99 for this week.
We have no special candlestick pattern. The share is into the KUMO and under the Kijun Sen (blue line) and Tenkan Sen too (green line). The Chikun Span has a block of resistance.
There is no special pattern.
Long for 188.42 first and 189.99 secondly. Stop loss 185 (0.5 of fib).
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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.