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IBM Stock Analysis
Picture worth a thousand words. From chart, price action has crossed below River and stay below River. River is slopping down; bearish bias.
Has the stock find a support? Will see.
August 6, 2015 IBM Data Since 2012
Another Scenario IBM Analysis
Price action has retested the same high and fail. Price action crossed below River and resisted by River. When the price action breakout from the trendline, the support the price action may be travel further south.
Be aware also, the River is pointing down.
August 6, 2015 IBM
Remember all setup can fail. So wait for market to show hand. You can buy or sell depending what the market info.
Thanks for visiting the website.
Moses
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