Remain neutral with #IBM | 15 февраля 2019

 #IBM weekly 

Technical observation

For several weeks now, #IBM has been retracing towards a resistance zone 142.76-140.43 it is currently rallying below it and my expectation is  correction to the above mentioned zone followed by a bounce within it to for bearish momentum towards 109.78. For now you can remain neutral temporarily and wait for the rise to 142.76-140.43 and a rejection within it to sell #IBM shares with your take profit at 109.78 and stop loss at 149.04.Should there be a clear penetration above 142.76 then bullish momentum towards 172.59 can be expected but as long as #IBM is contained below 142.76-140.43 only short positions can be advisable.

Trade recommendation

Remain neutral temporarily.

#GazpromNef weekly

Technical observation

The commodity on the weekly chart above is pulling back to a key supportive zone 317.35-312.01 and I expect a rejection within it for upward rally towards 389.53, or a clear breakout below it with a  big red candle followed by a correction to it for possible bearish momentum towards 240.61.In case  of a correction to 317.35-312.01 followed by a rejection within it, buy #GazpromNef within it with your take profit at 389.53 and stop loss at 285.81 but should there be a clear breach below 312.01, wait for correction to the just broken zone and a bounce within it to sell this commodity with your take profit at 240.61 and stop loss at 338.20.

Trade recommendation

Wait for a correction to 317.35-312.01.

#AIG weekly

Technical observation

#AIG is rallying below a resistance 49.19-48.30, I expect a correction to the zone and a rejection within it to sell this commodity with my take profit at 37.17 and stop loss at 52.02.In case this take profit is hit and there’s a clear breakout below it, you can wait for a pullback and a bounce at it confirming further bearish rally before you continue short with this commodity. Should there be a penetration above 49.19 with a big green candle followed by a correction to it then bullish momentum towards 57.86 can be expected. Right now as long as #AIG is contained below 48.30, only short positions look ideal and may be recommended.

Trade recommendation

Wait for a correction to 49.19-48.30 to sell #AIG.