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raze61a9
May 20, 2018 5:19 PM

IBM - Broke Weekly Trend  

International Business Machines CorporationNYSE

Description

IBM broke a weekly trend line closing at 144.08. I would expect a pull back to support at 139.34ish before it bounces back or moves lower. Next level below 139.34 is 121.23.Neutral outlook at the moment

Comment

IBM continues to grind down. I would expect the test of support this week.

Trade closed: target reached

I stopped following it, because of other engagements. However after reviewing the chart it broke down and then popped out
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