IBM Corp Weekly (23) Chart Technical Analysis
The IBM (IBM) weekly chart shows the following signs:
The Price of IBM came into the KUMO and stopped at Kijun Sen resistance. The Stock is over the EMA200 making a triple bottom from Oct 2013 till Feb 2014 on it. The MACD and RSI are mixed to bearish.
If today (Monday) the stock is long, the next target is the resistance of Tenkan Sen at around the $190. Otherwise the bearish signal could be given under the weekly support line for the strong support line first at around the $172.
The Price of IBM came into the KUMO and stopped at Kijun Sen resistance. The Stock is over the EMA200 making a triple bottom from Oct 2013 till Feb 2014 on it. The MACD and RSI are mixed to bearish.
If today (Monday) the stock is long, the next target is the resistance of Tenkan Sen at around the $190. Otherwise the bearish signal could be given under the weekly support line for the strong support line first at around the $172.
