IBM – Testing 100 day MA, Bearish candle Target 181.46

https://www.tradingview.com/x/Nuk0xfLn/

  • Despite beating on earnings, IBM missed revenue targets last week
  • Bearish candle last week showing low demand
  • Look for a breakout below the 100 week MA for confirmation
  • Price targets shown on chart . First 181.46, then 168.31
  • Price far above 200 week SMA. Large potential downside or mean reversion        
  • https://www.tradingview.com/v/4d0fQNcR/
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