IBM is within a defined regression channel, and the top is around $ 129-130.
The stochastic RSI is on high side, and the RSI is high based on historical performance.
I feel selling near top of channel $ 128-130 with tight stop $ 135, which means we would be trading within the GAP. The GAP down previously suggest we may trade below that for the coming weeks.
The over picture is we should re-test lower $ 116.
The stochastic RSI is on high side, and the RSI is high based on historical performance.
I feel selling near top of channel $ 128-130 with tight stop $ 135, which means we would be trading within the GAP. The GAP down previously suggest we may trade below that for the coming weeks.
The over picture is we should re-test lower $ 116.