IBM: Big Blew

International Business Machines just had a massive failed bullish breakout pattern.

Well, if I may offer the bears a faint wisp of hope – – and God knows we need it – – International Business Machines (IBM) just had a massive failed bullish breakout pattern.

(Click on image to enlarge)

This negates a possibility that had struck terror in my heart, which was the idea of an analogous rise similar to what happened following the 2010 breakout.

(Click on image to enlarge)


More By This Author:

Surgical Misadventure
Adobe Gap Sealed
Two-Thirds Tesla

STOCKS IN THIS ARTICLE

Comments