Stock Pick For Today: IBM Corporation

Stock For Today: IBM Corporation

Analyzing the stock price movement chart of IBM Corporation, we see that the price continues downward correction and fixed below the critical line. Senior linear regression channel is directed upward, Jr. -also sent up, which allows to consider long positions in the market. "Golden Cross" -weak (since the price is within the Ichimoku cloud), so buy orders are not relevant at this point. At the moment, the aim upward movement is the resistance level 200.11, but will be open longs only above the Kijun-sen. If the price consolidates above the first target, the upward movement may continue with a view to the resistance level of 210.64. Bearish "Khwarizmi" and "Evening Star" witnessed the beginning of a correction. MACD is pointing down, indicating downward movement, if the indicator will unfold the top, it can attest to the completion of a downward correction. Stochastic overbought area left that signals now on corrective movement. If the price consolidates above the critical line, it could trigger the resumption of the upward movement. Youngest chart are advised to consider the downward movement with the goals of Senkou Span B and the level of support 185.46, while fixing below the Kijun-sen. When opening/fixing prices above the Tenkan-sen topical will be upward movement with the goals of the resistance levels 194.91 and 200.11.

Trading Recommendations for a 4-hour Timeframe: 

Share price IBM continues to be adjusted. On the current chart are advised to consider long positions with a view to 200.11. In case the price of this target has overcome, the new goal is to level 210.64. Stop Loss recommended to set below the critical line (192.80). When opening buy orders MACD must be sent up, and the price - located above the critical line. Short positions are not relevant at the moment.

EUR/USD Weekly Review with Trading Suggestion

The euro exchange rate in the foreign exchange market on March 28, is continuing to decline, which is signaled by the indicator Heiken Ashi bars staining blue. Senior channel is directed upward, indicating that the upward direction of the global trend. Junior channel is also directed upwards, which means upward direction and in a less long term. At the moment the price is below the moving average and below the Murray "1/8". Therefore the aim of the downward movement is now level Murray "0/8" - 1.3672, but shorts are now considered still not recommended. If price overcomes the first target, the new target will be the level of Murray "-1/8" - 1.3550. The moving average is directed downward , and the price is in turn below it, so now more relevant downward movement. Heiken Ashi colored bars in the last blue color, which tells us about the local downward movement, but now in any position indicator to consider short positions is not recommended. Short positions can be considered only after turning down any linear regression channel. Buy orders will be relevant only after fixing prices above the moving average. The CCI indicator is about the level of -100, which indicates the presence of a weak currency pair oversold.

In our EUR/USD technical report the next support levels is near at 1.3672, 1.3550 and 1.3428 while nearest resistance levels are 1.3794, 1.3916 and 1.4038.

Trading Suggestion: After analyzing the EUR/USD currency pair, we conclude that is now recommended not to consider any position. To be able to consider longs requires fixing prices above the moving average. To be able to open short positions should wait for a turn down any linear regression channel.