January 22, 2013

IBM Chart analysis

  • IBM Daily chart in a triangle pattern which should give about 14 points on breakout or breakdown.
  • Immediate resistance level in daily chart is the 100 Day SMA.
  • Crucial support levels are the rising support line in weekly chart from 158 levels and the 100 week sma near 186 levels. 
  • DOW JONES TRIPLE DIVERGENCE
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