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$IBM
After the 38% rally triggered by the announcement that DJT endorsed IBM, we locked in our profits and exited at $296/share.
Ladies and gentlemen, IBM has now erased the entire move. This week's candlestick is what we call "shatarata", a sharp rejection that has completely wiped out the post-announcement gains.
The next level to watch is $215.45/share. If the bears break and sustain a move below this support, the next major demand zone comes in at $197.18/share, where I will be watching closely for a potential reaction.
#NFA