iBankCoin

Technical Analysis with chessNwine

chessNwine
Full-time stock trader. Follow me here and on 12631
Joined Apr 1, 2010
8,861 Blog Posts

The Nifty Fifty Year Chart

chessNwine Sat Dec 29, 2012 1:04pm EST 1 Comment

Here is a yearly chart of IBM that I posted over at Chartpin.com last night.

Note the ascending triangle bullish breakout (which I highlighted at the time in this blog) back in 2010. Now, though, the stock is digesting some of that move in the short-term. Overall, Big Blue is still in long-term breakout mode and could easily push higher yet after putting in some more work below $200.

________________________

Email this to someonePrint this page
If you enjoy the content at iBankCoin, please follow us on Twitter

One comment

  1. Flicker
    Flicker
    December 29, 2012 at 2:24 pm

    Now that is pretty Chess. I hope it’s a model for the entire market.

    • 0
    • 0
    • 0 Deem this to be "Fake News"

© Copyright 2007-2024 iBankCoin All rights reserved under penalty of bodily harm. DISCLAIMER: This is a personal web site, reflecting the opinions of its author(s). It is not a production of my employer, and it is unaffiliated with any FINRA broker/dealer. Statements on this site do not represent the views or policies of anyone other than myself. The information on this site is provided for discussion purposes only, and are not investing recommendations. Under no circumstances does this information represent a recommendation to buy or sell securities. DATA INFORMATION IS PROVIDED TO THE USERS "AS IS." NEITHER iBankCoin, NOR ITS AFFILIATES, NOR ANY THIRD PARTY DATA PROVIDER MAKE ANY EXPRESS OR IMPLIED WARRANTIES OF ANY KIND REGARDING THE DATA INFORMATION, INCLUDING, WITHOUT LIMITATION, ANY WARRANTY OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE. Privacy Policy