IBM dip buy coming

2021年10月25日

IBM, leading up to previous earnings, formed a bearish divergence and gapped down. IBM has not been this oversold (RSI) since this time last year, and indicators show a strong bullish momentum. Hour timeframes shows that dip buying has started.

2021年10月25日

註釋

Perfect bounce off a support level

2021年10月26日

註釋

IBM formed double Doji at the bottom of a downtrend, indicators are pointing up and are severely oversold, the candles are about $4 from the 5 EMA (daily chart). Looking to go full position early in the morning if all looks well.

PRICE TARGET: $133

STOP LOSS $126.50