IBM is showing a nice LONG potential this week respecting the support area identified in red at $118 holding the price as expected and filling the GAP. At the open a LONG POSITION is possible with a potential of a +10% RETURN at $131
do you think gaps are filled so fast? Look at the October 19, 20 gap. That gap was filled on Nov 24th. Almost a month due to over all market trend towards upside.
Niverto
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@gowrigoli, There is no timeline mentioned on when the gap will be filled.
In my opinion the gap will be filled and my position is initiated, I can wait the time needed but I could be wrong, it is also part of the trade. I have a mid term view, so if I can get 10% return waiting one month, I am totally satisfied.