IBM eyes on $230.71: Key support going into Earnings

23 ott 2024

Followup to my Long Call that got 40% plus (click).

Big Blue has been flying since our entry.
Currently tap dancing on a Genesis fib.
And reinforced by Covid Fib just below.

Earnings tonight will make next move.
If dumps, look for supports below to buy.
If pumps, I will calculate new targets above.

$ 229.05 - 230.71 is the exact level to hold.
$ 218.38 - 218.70 is minor support below.
$ 201.91 - 203.19 is major/critical support

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Previous Alert that launched EXACTLY from entry, for >40% gains::

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30 ott 2024

Trade chiuso: obiettivo raggiunto

PLUNK

(yellow shaded area is from posting time.

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Zoom IN (m5) and some notes:

We are a serious support that needs to hold.

$ 205.90 immediate resistance to be flipped.
$ 203.19 Genesis fib but a minor ratio
$ 201.91 a Covid fib and Golden ratio (major).

So we are looking for a bounce here.
Short scalpers should close some/all.
Long holders might add some here.

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