CFD Trading –Sell IBM Corporation. (IBM.NYS) @ $125.90. Stop @ $129.30 and Target @ $119.90.


Price closed below the cloud in the previous trading session, changing the chart outlook to bearish. Conversion line and Base line remain in a bullish crossover . Lagging Span is above price of 26 days ago but is below the cloud at the moment.  MACD is hinting at a bearish price trend. If price is unable to move above the cloud, it could be heading towards the support at $119.90 in the next 2-3 weeks.


$125.90               Sell

$119.90               Price Target

$129.30              Risk Management Stop

3 weeks              Trade Duration

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