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
Learn from the Generals of the Markets: Market Generals
CLICK HERE TO REGISTER FOR FREE ON ADVFN, the world's leading stocks and shares information website, provides the private investor with all the latest high-tech trading tools and includes live price data streaming, stock quotes and the option to access 'Level 2' data on all of the world's key exchanges (LSE, NYSE, NASDAQ, Euronext etc).
This area of the ADVFN.com site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of ADVFN Plc. ADVFN Plc does not monitor, approve, endorse or exert editorial control over these articles and does not therefore accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at ADVFN.com is for your general information and use and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by ADVFN.COM and is not intended to be relied upon by users in making (or refraining from making) any investment decisions. Authors may or may not have positions in stocks that they are discussing but it should be considered very likely that their opinions are aligned with their trading and that they hold positions in companies, forex, commodities and other instruments they discuss.