IBM - Bottom of Channel / $120-$122 Entry / $135 Target TOC

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0. IBM about to head to the top of the channel;

1. Target $135;

2. Notes to follow;

3. IBM Heading to $160;
Nota
UPDATE

IBM ACCUMULATION IS ON HOLD FOR NOW.

We were looking establish a value position here, and watch it run to $150;

This stock isn't going anywhere sitting below $120, and Momentum is back in play.

Will keep on small position, and keep an eye on this for movement and possible rotation into Value.

- drchelsea

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