IBM Daily (18.08.2014) Tech Analysis EMA
This week we will see the EMA (50,100,200) and MACD,RSI for various diagrams.
The IBM Share (IBM) Daily Diagram Technical Analysis Training shows the following:
The IBM tries to breach the EMA 50 today with a long green candlestick from 0.5 of fib to 0.618. There is a sense of bull market because the EMA 50 is above EMA 100 & EMA 200 and EMA 100 is above EMA 200 too. There are some Golden crosses last month.
MACD is turning bullish on the zero line. RSI moves to 51.
There is a support line and all seems bullish.
If it closes as is, long for 191.96 first and stop loss under 187.73.
The IBM Share (IBM) Daily Diagram Technical Analysis Training shows the following:
The IBM tries to breach the EMA 50 today with a long green candlestick from 0.5 of fib to 0.618. There is a sense of bull market because the EMA 50 is above EMA 100 & EMA 200 and EMA 100 is above EMA 200 too. There are some Golden crosses last month.
MACD is turning bullish on the zero line. RSI moves to 51.
There is a support line and all seems bullish.
If it closes as is, long for 191.96 first and stop loss under 187.73.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.