Hey guys, as earnings came out friday, there was a nice breakout of stair steps pattern. I like this stock because that was a strong candle that gaps up and close very strongly with strong volume. This is the first green candle so that means that the stock is not over extended on the upside and i wont be surprise if this is the beginning of a bullish move. There was a lot of people who are trapped so i am expecting a strong upmove and i will buy it if the stock goes to 170.85 or higher depending on the gap tomorow.
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Reallifetrading
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Yep, looks nice. The only thing that concerns me on IBM is the 200 SMA on a weekly chart. It's not something I look at often, but I track IBM ALL The time, so it's just good to know that it's there. I like it more bullish to non directional.