Shorting IBM on weak fundamentals and appropriate wave structure
Yesterday the company published a mixed earnings report. It reported:
* earnings per share of $3.84 versus expected $3.78; that's a beat.
* revenue of $20.8 billion versus $20.95 billion, that's a miss, and the 13th consecutive quarterly decline.
The stock lost nearly 5% in the after hours. We are expecting more downside, as the wave count suggests the continuation of a longer-term downtrend. Stop-loss is a daily close above 170.
* earnings per share of $3.84 versus expected $3.78; that's a beat.
* revenue of $20.8 billion versus $20.95 billion, that's a miss, and the 13th consecutive quarterly decline.
The stock lost nearly 5% in the after hours. We are expecting more downside, as the wave count suggests the continuation of a longer-term downtrend. Stop-loss is a daily close above 170.
Сервис: NixService.net
Telegram: t.me/NixTrading
Бот: t.me/NixJunior_bot
Telegram: t.me/NixTrading
Бот: t.me/NixJunior_bot
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.