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ironcladmerc

IBM Testing Old Daily level 121.9

International Business Machines Corporation (NYSE:IBM)  
ironcladmerc Updated   
NYSE:IBM   International Business Machines Corporation
Trend Analysis Chart Patterns technical analysis IBM
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trendanalysis chartpattern technical analysis ibm
IBM just tested 121.9, which is a daily level from back in 2010, having lost this level yesterday. It's in a downward wedge at the moment, likely to bounce off the top of the wedge or the level and come back down.
Comment:
it seems to be approaching the edge of that wedge and finding support at 121.28, it could break out of the wedge sideways, if that happens a good chance it will go up
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