Could Turn Out Quite Well for IBM
Back in the summer, I gave you a heads-up in IBM (IBM) -- at the time, I was starting to stalk it on the buy side due to some weekly price support parameters. Now that the stock is testing and holding above this key support decision, I'd like to walk you through some thought processes on how to trade it. You may choose to use different information from what I present here, depending on what time frame you are trading -- but if you are looking at the bigger picture, where IBM may really have some value, you should focus on the weekly parameters.
To recap what I've been watching, the current setup on the weekly chart has everything to do with symmetry, or the similarity of some of the prior major declines in this stock. For IBM, these are only really visible on the weekly chart, and I have illustrated them below....563 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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