Updating this post on IBM, not only was the inverse head and shoulders daily chart breakout impressive, but so too has the buy volume and resilience today. The more overbought IBM becomes without a sharp giveback, the more bullish the case going forward since presumably demand would be exceedingly strong.
One Response to Awesome Blue
Hi Chess big blue had official golden cross signal today. Since July has had 2 false/failed cross signals. Perhaps investors threw in the towel on this current one. Bulls need to break overhead resistance. We shall see..