IBM is hot again! Swing trade.

٦ يونيو ٢٠٢١

IBM weekly chart is currently in a downtrend but bullish cross of moving averages and potential break of the trend line could signify a change of trend and a profitable long trade.

I would wait for for the price to break the trend line (black line on the chart) to enter a long swing trade with a stop loss not too far to protect from a failed break.

Levels and targets on the chart.

Trade safe.