The IBM (IBM) daily chart shows the following signs:
The Price of IBM decline in the KUMO and under the Kijun Sen and Tenkan Sen support. The Stock is under the EMA200 and has stop on SPAN B of KUMO. The MACD and RSI are on bear signal.
I expect that the stock could continue the short movement because the SPAN A has cross down the SPAN B of shift 26 projection of KUMO. The only thing that could change the trend is a bullish correction towards Tenkan Sen but that would consider for neutral position.
The Price of IBM decline in the KUMO and under the Kijun Sen and Tenkan Sen support. The Stock is under the EMA200 and has stop on SPAN B of KUMO. The MACD and RSI are on bear signal.
I expect that the stock could continue the short movement because the SPAN A has cross down the SPAN B of shift 26 projection of KUMO. The only thing that could change the trend is a bullish correction towards Tenkan Sen but that would consider for neutral position.
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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.