hi art.
couldn't tell where the fib resistance/support is.. so we will dump that idea for ibm.
here are the moving avg supports.. much easier, since it's only one number (no subjectivity) <g>
CSS II:
Analysis of IBM
(IBM)
Reviewed on 5/14/98
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High: 129.312
Low: 122.875
Close: 125.812
Change: 3.937 (3.2304%)
Volume Today: 10,528,600 shares.
On 5/14/98, IBM closed up 3.9370 at 125.8120 on volume 152.15% above average.
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Summary:
Moving Averages
IBM closed at: 125.812
The close is currently Above its 5 period exponential moving average (121.8342).
The close is currently Above its 9 period exponential moving average (120.1433).
The close is currently Above its 21 period exponential moving average (116.5717).
The close is currently Above its 50 period exponential moving average(111.2807).
The close is currently Above its 200 period exponential moving average (102.1509).
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Candlesticks (Automatically done by Metastock. Accuracy Unverified)
A big white candle occurred. This is generally considered bullish, as prices closed significantly higher than they opened. If the candle appears when prices are "low," it may be the first sign of a bottom. If it occurs when prices are rebounding off of a support area (e.g., a moving average, trendline, or retracement level), the long white candle adds credibility to the support. Similarly, if the candle appears during a breakout above a resistance area, the long white candle adds credibility to the breakout.
During the past 10 bars, there have been 6 white candles and 4 black candles for a net of 2 white candles. During the past 50 bars, there have been 24 white candles and 26 black candles for a net of 2 black candles.
A rising window occurred (where the top of the previous shadow is below the bottom of the current shadow). This usually implies a continuation of a bullish trend. There have been 5 rising windows in the last 50 candles--this makes the current rising window even more bullish.
Three white candles occurred in the last three days. Although these candles were not big enough to create three white soldiers, the steady upward pattern is bullish. |
