IBM: Breakout or Breakup? Long

International Business Machines CorporationNYSE

Description

⋅ Aug 14, 2018 12:38 AM

Based on the charts, we think that IBM is close to a breakout. It has been moving (downwards) towards the long-term trend line (the one moving upwards), which is also a nice resistance line. Keep you guys posted.

Chart Patterns Technical Indicators