With the worst case scenario out of the picture, markets have bounced and now even breaking out of channels. IBM did not have the best earnings report but by entering with cloud and possibly more government contracts with a Biden presidency, this stock will do well. Insider buying last week. Long. Keep an eye on RSI and MACD.
Stop Loss: 112
Take some profit: Above 120
Time frame: Less than one month
RSI Level: 60
Stop Loss: 112
Take some profit: Above 120
Time frame: Less than one month
RSI Level: 60