Tibco Software Inc (TIBX) : Facing multi high resistance

TIBX has been breaking through its resistance for the past 2-3 days.

On the Ichimoku Weekly Chart,  it is now sitting right below the resistance at 9.98. Further up, there is another multi year high resistance (resistance from as far back as 2007!) at around 10:45

If it turns and reverse, it may provide a good entry for TIBX.


By iam802

Trend trading with Ichimoku

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