This trend break in IBM may lead to a trade...

Keep an eye on IBM.  Yesterday it broke a one month uptrend.  Remember that there is nothing magical or esoteric about trend lines - at least if they are utilized correctly.  They are just graphical representations that show who is in control of the market...the forces of supply or demand.  When an uptrend or a downtrend line gets broken it is a sign that the dynamics may be changing and the trend may be about to reverse or at least is consolidating.  Used correctly trend line breaks can signal low risk trades...especially if they occur at important supply or demand levels.

 

 

To learn more about this topic and for other insights and financial markets analysis, please visit the Membership Page to accept our invitation for a Free One Month Trial Membership to Bullshead Trading.  This will allow access to our original and thought-provoking Market Blog, Research, and Trading Ideas.