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 indicator it's will be the good time to buy the stock at low level
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 ?