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IBM Forges Quadruple Bottom Breakdown On P&F Chart
1. IBM Forges Quadruple Bottom Breakdown On P&F Chart
[Stocks Technical Analysis] TradingReview360.com: We search to bring you the very latest
from all over the world. The post below is for those interested in Stock Charts/ Technical
Analysis.
Read on to find out more:
IBM has been underperforming the broader market for several months and continued this trend
with a break below support. On the P&F chart, notice how the stock formed three O-Columns
with equal lows in January. The current O-Columnm which is red, broke below these lows to
forge the quadruple bottom breakdown and target a move to the 190 area. Note: this is a
60-minute P&F chart with 20 cent boxes.
Click this image for a live chart
Check out the original source here.
What Is Technical Analysis?
Technical Analysis is the forecasting of future financial price motions based on an examination
of previous price movements. Instead, technical analysis can help traders anticipate just what is
most likely to occur to costs over time.
IBM Forges Quadruple Bottom Breakdown On P&F Chart
1/1
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![IBM Forges Quadruple Bottom Breakdown On P&F Chart
[Stocks Technical Analysis] TradingReview360.com: We search to bring you the very latest
from all over the world. The post below is for those interested in Stock Charts/ Technical
Analysis.
Read on to find out more:
IBM has been underperforming the broader market for several months and continued this trend
with a break below support. On the P&F chart, notice how the stock formed three O-Columns
with equal lows in January. The current O-Columnm which is red, broke below these lows to
forge the quadruple bottom breakdown and target a move to the 190 area. Note: this is a
60-minute P&F chart with 20 cent boxes.
Click this image for a live chart
Check out the original source here.
What Is Technical Analysis?
Technical Analysis is the forecasting of future financial price motions based on an examination
of previous price movements. Instead, technical analysis can help traders anticipate just what is
most likely to occur to costs over time.
IBM Forges Quadruple Bottom Breakdown On P&F Chart
1/1
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