IBM: 1 more rejection at the top?

Longterm I am very very bullish on IBM, but I was in since 135$ so this was a nice trade. I am out for now, definitely looking to get back in.
I expect one more leg down, for a very bullish breakout later on - IBM basically pumped for something simple as a new CEO.

If it breaks out on this resistance, so be it! Good luck to everyone holding at this point, I don't like the RSI and STOCH RSI being oversold AND being at a resistance currently.

Kommentera:

Hit the target, expecting a red day tomorrow and ibm at around $90, nice entry longer term