IBM Corp Daily (10.07.2014) Technical Analysis Training

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The IBM Corp (NYSE:IBM) Daily Diagram Technical Analysis training shows the following:

The IBM share has made a short term bullish movement above the support trend line (green). This support line is under the KUMO, which means that the IBM is reacting weakly yet. The weekly diagram shows neutral trend. The monthly is neutral too.

So the first think in mind is the break or not of the support line. MACD is weakening its bullish and RSI too. The volume is as usual.

We have no special candlestick pattern. The share is under the KUMO but is above the Kijun Sen (blue line) and Tenkan Sen too (green line).

There is no special pattern. The fib from $172.82 to $198.06 shows the support and resistance levels..

So I think that anyone must stay aside. If the share moves under the support line the next stop is Kijun Sen and 0.382 of fib (182.46). If it gets into the KUMO the it will retest the $188.42 for $192.10. The share needs larger volume from bulls.
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