NYSE:IBM   INTERNATIONAL BUSINESS MACHS
44 2 0
I don't think it will go back to the 172 bounce line, but it could. Looking for a target of ~179 (the 1.618). The down market has had a hand in hurrying the stock down. I expect 1 more day down before we see resistance.
CurtFinch
2 years ago
there is a sine wave going on w/ ibm every few months per wave. 175 seems doable to me
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charlesmccann
2 years ago
So true! Enjoying that sine wave! Here is my chart zoomed out. I've played this stock on most of the bounces up and down. Very fun.
snapshot


Just had to stay in the 'safe zone' and take my profits accordingly. Only got hit once when I thought it might be breaking out in January 2014 (took out my stop on the 13th then rallied to the 21st... but I went short after it fell).

But, you are probably right, 175 does seem reachable. I'll keep moving my stop down and see how far we can get.
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