IBM yesterday rose sharply – breaking above the resistance trendline of the daily down channel from April. The price earlier reversed up from the support zone (encircled on the daily IBM chart below) lying at the intersection of the former resistance trendline of the wide down channel from March of 2013 (acting as support now after it was broken in March of this year), the support level 180.00 and the lower daily Bollinger Band.
IBM yesterday closed near the resistance level 187.00. If it breaks above 187.00 – IBM can rise to the next buy target at 190.00.
IBM yesterday rose sharply – breaking above the resistance trendline of the daily down channel from April. The price earlier reversed up from the support zone (encircled on the daily IBM chart below) lying at the intersection of the former resistance trendline of the wide down channel from March of 2013 (acting as support now after it was broken in March of this year), the support level 180.00 and the lower daily Bollinger Band.
IBM yesterday closed near the resistance level 187.00. If it breaks above 187.00 – IBM can rise to the next buy target at 190.00.
The post HY MARKETS News: Stocks Report: IBM appeared first on | HY Markets Official blog.
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