d.vezeris
Short

IBM Corp Weekly (22) Chart Technical Analysis

NYSE:IBM   INTERNATIONAL BUSINESS MACHS
84 0 0
The IBM             ( IBM             ) weekly chart shows the following signs:

The Price of IBM             decline under the KUMO and under the Kijun Sen support. The Stock is over the EMA200 making a triple bottom from Oct             2013 till Feb 2014 on it. The MACD and RSI are both on bear signal.

I expect that the stock could continue the short movement until the EMA 200 Support for 4th time in a year as I had mentioned in previous weekly analysis
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