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William-trading

IBM - Buying on rebound- target 200.00 over the long term

Long
International Business Machines Corporation (BATS:IBM)  
William-trading  
BATS:IBM   International Business Machines Corporation
Trend Analysis Chart Patterns Wave Analysis
3
0
trendanalysis chartpattern waveanalysis
IBM is likely to complete the last leg of the ABC expanded flat formation or the UTAD of the distributive phase C. Slight strong buying is seen on Tuesday after rebounding off the demand zone at 166.11 and is likely to see strong upside. Hence, considering to buy at spot or 162 limit price. Target will be at 200.00
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