NYSE:IBM   INTERNATIONAL BUS MACH CORP
This trade analysis based on two levels, the support trade line and the resistance trade line (Orange color arrow).
When the stock NYSE:IBM reach the 1st Fibonacci 127.2% it follow the Fibonacci retrace down to 61% - 50% and reach the Support trade line. At this moment, around 121$, its the time to take a profit at the 2nd Fibonacci 127% level. As well as for the 3rd ..... (144$)
When you look the MACD indicator it's will be the good time to buy the stock at low level

Comments

support broke, you short now?
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dhaiim mboody1980
@mboody1980,
Sorry, It's only idea.
As you see It's a mistake, probably because the epidemic covid-19..... I don't know.....

Could you explain why IBM goes SHORT ?
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