2waytrading

Will This Bullish Triangle Achieve the target?

NYSE:IBM   INTERNATIONAL BUSINESS MACHINES CORP
233 1 1
So far, it was tough to handle $IBM gyration. This bullish triangle is worth watching with possible target price $201 stop loss recent swing low $186.80 area. http://woowtrading.net/
I would tend to agree, as based on EW count, it has declined in 5 waves, so ABC retracement is due, and wave A and B seems to be nrealy complete and is possibly wave c in progress. 61.8% or 78.6% Fib could be at that level.
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