IBM Corp Daily (28.07.2014) Technical Analysis Training
The IBM Corp (NYSE:IBM) Daily Diagram Technical Analysis training shows the following:
It is exactly the same diagram like last two. The IBM share has extended the bullish movement above the support trend line (green) as the new agreement with Apple came out. This support line is now above the KUMO, which means that the IBM is forcing its bullishness. The weekly diagram shows bullish. The monthly is neutral.
So the first think in mind is the 196.35 level of resistance line. MACD is bullish and RSI too. The volume now is the usual.
We have no special candlestick pattern. The share is above the KUMO the Kijun Sen (blue line) and Tenkan Sen too (green line) too.
There is no special pattern. So hold Long IBM and be careful @ $196-$197 because the returns from $180 to $195 movement is about 8,3% and maybe we have a profit take event. Today the share is trying to stay above the support line but it needs more volume.
It is exactly the same diagram like last two. The IBM share has extended the bullish movement above the support trend line (green) as the new agreement with Apple came out. This support line is now above the KUMO, which means that the IBM is forcing its bullishness. The weekly diagram shows bullish. The monthly is neutral.
So the first think in mind is the 196.35 level of resistance line. MACD is bullish and RSI too. The volume now is the usual.
We have no special candlestick pattern. The share is above the KUMO the Kijun Sen (blue line) and Tenkan Sen too (green line) too.
There is no special pattern. So hold Long IBM and be careful @ $196-$197 because the returns from $180 to $195 movement is about 8,3% and maybe we have a profit take event. Today the share is trying to stay above the support line but it needs more volume.
