Short IBM Overhead resistance $151 back to $144

IBM - In my opinion this doesn't have the fire power to stay above the fibonacci level $148 or break the $151 trend resistance level . Should pull back to $144-$145.
I expect that after a modest pullback, this will run up till daily MACD hits 4.5.
Kaushalpatel ChristopherCarrollSmith
@ChristopherCarrollSmith, my best idea is to buy 170 november call :: maximum you can lose 50 cents per lot
Possibly 146, more likely 148, but it would have to move downward very fast to get to 145 while still respecting the channel.

inverse head and shoulder with neckline at 146 suggest a target of 175-185 over next 3 months last resistance 151.00 . Monthly close above that buy with a sl of 146 target 175 + over next three months
+1 Reply
opinion doesnot count , what is sound technical reasoning for pull back till 145
+1 Reply
@Kaushalpatel, Sorry for the trendline mess but what I am eyeballing is the previous peak as support. Second yellow line. $148 to me is a forgone conclusion, but if it doesn't catch a bid $145. CMF shows bearish divergence on the daily as it's come up the past month or so.
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing TradingView Coins My Support Tickets Get Help Ideas Published Followers Following Private Messages Chat Sign Out