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Fiboman
May 8, 2017 12:45 PM

IBM - POTENTIAL BOTTOM Long

International Business Machines CorporationNYSE

Description

05.05.17
Signal for a potential bottom from one of my dBFI.
Awaiting confirmation
Comments
mima17
Daily has bounced above the 149.66 level (my level let's not get too precise we are talking pennies) daily chart is suggesting another test. Hourly is still grinding down. Above 151.09 and a succesful test of that level this latest move could be over and the bottom will be in for now, daily pressure is down. Below 149.66 we have 148.97 & then 147.47 & then 143.98 (not this time imho) price is master, we just follow ;)
mima17
Thanks for your posts. IBM is now sitting above congestion from 151 - 149 daily looks like it is in a slow bleed to the down side.
Fiboman
@mima17, many thanks for your comment!
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