It appears that an Inverse Head & Shoulders Pattern may complete on the IBM 1 Day chart. If we pivot off a forming right shoulder pivot in the price range of $131-132.
IBM
Spectro O is showing volume still moving in an upward direction, as well as the Spectro Ultimate Trend Analyzer shewing a solid beginning of an uptrend.
The price range according to Spectro O is showing price sitting just below the median of the Murrey Scale, which is typically an area of the scale where a weak a small pullback/correction occurs before the price continues up the price scale.
If playing from the right shoulder, employ a tight stop just below the shoulder point. The same can be said if you are waiting for a neckline confirmation to enter... stop just below the neckline, which is around $136.29.
Analysis by AlchemistLA
IBMSpectro O is showing volume still moving in an upward direction, as well as the Spectro Ultimate Trend Analyzer shewing a solid beginning of an uptrend.
The price range according to Spectro O is showing price sitting just below the median of the Murrey Scale, which is typically an area of the scale where a weak a small pullback/correction occurs before the price continues up the price scale.
If playing from the right shoulder, employ a tight stop just below the shoulder point. The same can be said if you are waiting for a neckline confirmation to enter... stop just below the neckline, which is around $136.29.
Analysis by AlchemistLA
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면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.