IBM Corp Daily (19.07.2014) Technical Analysis Training
It is exactly the same diagram from 10.07.2014. The IBM share has extended the movement above the support (green) as the new agreement with Apple came out. This support line is now above the KUMO, which means that the IBM is forcing its bullishness. The weekly diagram shows marginally . The monthly is neutral.
So the first think in mind is how will be the promise of the agreement between these companies. is too and too. The in three last days is almost double than the usual.
We have no special pattern. The share is above the KUMO the Kijun Sen (blue line) and Tenkan Sen too (green line).
There is no special pattern. Friday movement closed the uptrend gap. The fib from $172.82 to $198.06 shows the support now of 0.764 ($192.10).
Next target $198.06.