Wednesday, January 21, 2015

Annual Trading Forecast on IBM (2015)

IBM shares (NYSE:IBM) are weak. The downtrend has been going on since last year. In the past several months, the price consolidated tightly, and now it has broken further downwards, poised to move further south.

The price has broken out below the lower Trendline, as the RSI period 14 also goes below the level 50. This indicates a ‘sell’ signal – just in solidarity with the dominant bias. It is expected that the market would continue moving south until it reaches the accumulation territories at 140.00 and 130.00.

The reality is that a confirmed bias might hold out longer than most speculators think. Going against the established bias simply because the market looks overextended is not the best. When one minds the risk taken with each position, one would be able to control negativity significantly.

This forecast is ended by the quote below:

“The most important thing is that you have some sort of advantage over the other market participants. In my case, it is a statistical advantage.” – Jens Rabe

Azeez Mustapha

Market Analyst, Trading Signals Provider and Coach

Learn from the Generals of the Markets: Market Generals

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