Bearish on IBM for 10-11-23.

11 ott 2023

As you can see here on the 15-minute chart of IBM. We are riding some trendlines. I am looking for us to break under today as we have rejected the 25 EMA, and we were under VWAP yesterday. Also, on the Daily chart, we are below 50 on the RSI. I would be looking at the 5-minute chart for a break under the trendline with heavy volume. Make sure you are under VWAP as well.