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IBM Trading Analysis (04/07/2024)

04.07.2024

Market Review

The trend is descending. The upward wave structure is truncated. There is a bearish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals an overbought condition.

IBM (international Business Machines) price chart

Trading idea:

  • Sell at the beginning of the formation of the downward wave structure, when the wave A breaches the sloping channel of the ascending truncated structure.
  • Stop-loss at 178.40.
  • Price targets at 167.80 and 163.80.


#ibm #stock #forextrading #tradersroom #daytradingpatterns #forexexpertadvisor

Penulis: GC
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