Cup and HandleOVERBOUGHT on daily RSI set on 80 versus 70. IBM is not overbought right now on weekly or monthly RSI.
Earnings estimated for 1-24-22 AMC.
There is not a truly definitive handle at this point. I placed a price at the only area where I can see any consolidation. A definitive and longer handle can provide more support. There is support at MC/Mid cup.
There is resistance at the top of the cup as a rule. Short percent is 3.89%.
Cup depth is 24.89.
Long term high is 206.22.
Feels like a possible pull back soon, but who knows?
No recommendation.
A lot of green which is bullish but buyers do become sellers.