June 23, 2012

IBM Weekend update


  • IBM Had a negative week. 
  • But price is falling towards 200 Day SMA Which is near 190 and 50 Week SMA Which is at 187.
  • Weekly Lower bollinger band too is near the above mentioned levels.
  • Weekly chart is still maintaining a positive structure. The current Higher low may form at 50 Week SMA which can be buying opportunity.


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