IBM.Prediction.Hello.Stock stages are on the chart.I Havent draw the decline stage because its hasnt established and we dont see yet a specific signal.We had a support (172.23) and then a uptrend still today(blue trend line).Furthermore the price has reach the resistance level 1 (fibo 23.6%) and next weeks will be important to see if the price go above that level or below.
Now.From MA10, MA20 we dont have a specific signal which can shown us if the market will go above the resistance level 1 because they cross each other, which mean that we have a short indecision there. In addition volume show us that buyers and sellers are not so aggresive after the support.Generally i think that this time its not good option to take part in this stock.
If the stock smash the level 1 we go for next high at level 2 (in my opinion i think that this will not happen).The most possible scenario is to enter the decline stage at least in the end of the year.Stop losses when the price go below MA295 and all of your position if smash the blue trend line(which is and the primary trend line for this year)
Thanks.
