StockPickingEnthusiast
Short

Short IBM Overhead resistance $151 back to $144

NYSE:IBM   INTERNATIONAL BUS MACH CORP
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.

https://www.tradingview.com/x/HJ2aUxa1/
I expect that after a modest pullback, this will run up till daily MACD hits 4.5.
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Kaushalpatel ChristopherCarrollSmith
@ChristopherCarrollSmith, my best idea is to buy 170 november call :: maximum you can lose 50 cents per lot
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Possibly 146, more likely 148, but it would have to move downward very fast to get to 145 while still respecting the channel.

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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
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opinion doesnot count , what is sound technical reasoning for pull back till 145
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@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.
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