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TopgOptions
Dec 5, 2020 10:42 PM

IBM medium/long term targets Short

International Business Machines CorporationNYSE

Description

I was inspired by the famous short seller Jim Chanos to put those targets for 2022.

Beside the Fibonacci retracement tool, i also used the Volume profile to see the big support lines.

Target 1: 113 usd
Target 2: 89 usd

Comments
vbdaniel
Can you share the links for the Fibs and Volume indicators that you use?
TopgOptions
@vbdaniel, The volume indicator is called Visible Range in Volume Profile and the Fibonacci Retracement tool is abbreviated Fib Retracement from the tools in the left of the chart.
DelightTrader2020
Hello, it is strange isn’t it? Even your indicators are all indicating buy on all times frames. And you predict selling? Going against your own indicators??
TopgOptions
@DelightTrader2020, i`m not saying i am going to bet against the indicators in short term, because that happened here with BYND, i signaled a buy at 166, when analysts saw a sale, and it went to 200. but on the long run, as you can seen o the weekly, the trend is descending:
TopgOptions
@DelightTrader2020, that`s why i put a target for 2022. they are restructuring the business and closing locations. and also the revenue it is said that is half than before. or at least Jim Chanos thinks that.
iv41879
@CryptoFundManager Can you please share the link for volume profile indicator? Thx
iv41879
Found it...
TopgOptions
@iv41879, sorry for the delay
TopgOptions
@iv41879, The volume indicator is called Visible Range in Volume Profile.
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