DOW JONES OVERVIEW: IBM ON LONG TERM RISK
IBM is on risk of 5-year downtrend after falling out from 1st standard deviation from 5-year mean.
Additionally, price has fallen out of 1st standard deviation from 1-year mean, this is on short term downward risk as well.
Thus unless price trades back above short term risk order @ 150.5 - and then back above larger downtrend risk border @ 157.5 - risk of continued downtrend on IMB persists.
Additionally, price has fallen out of 1st standard deviation from 1-year mean, this is on short term downward risk as well.
Thus unless price trades back above short term risk order @ 150.5 - and then back above larger downtrend risk border @ 157.5 - risk of continued downtrend on IMB persists.