Showing posts with label IBM (IBM). Show all posts
Showing posts with label IBM (IBM). Show all posts

Wednesday, 21 December 2011

IBM: Price bouncing off upper edge of cloud


Trend identification tools show obvious up trend in the weekly time-frame.



Trend identification tools show bullish bias in the daily time-frame.
Price found support at the upper edge of the cloud and rebounding.


Outcome:

21 Dec: Opened LONG at $181.74
21 Dec: Squared at $180.45
Reason for closing: Stop loss triggered.
Loss $1.29, 0.7%

27 Dec: Opened LONG at $184.90
13 Jan: Squared at $177.50
Reason for closing: Stop loss triggered.
Loss $7.40, 4.0%