IBM - Testing 100 day MA, Bearish candle Target 181.46
Despite beating on earnings, IBM missed revenue targets last week
Bearish candle last week showing low demand
Look for a breakout below the 100 week MA for confirmation
Price targets shown on chart . First 181.46, then 168.31
Price far above 200 week SMA. Large potential downside or mean reversion
Bearish candle last week showing low demand
Look for a breakout below the 100 week MA for confirmation
Price targets shown on chart . First 181.46, then 168.31
Price far above 200 week SMA. Large potential downside or mean reversion