themarketzone

Upside potential towards earnings

NYSE:IBM   INTERNATIONAL BUSINESS MACHINES CORP
$IBM closed above its 50 SMA overcoming the 160$ and 165$ resistance zones.
Towards earnings , these zones are support zones for possible bullish entries in an Aggressive C entry of a bearish Gartley .
3 potential target zones:
180$ - Resistance Zone and downtrend line
185$ - Completion of bearish Gartley and the weekly 200 SMA line (resistance)
188$-190$ - Completion of AB=CD in Gartley wings.

Read more setups on this week's WMA - http://marketzone.tumblr.com/post/124485796545/the-weekly-markets-analysis-is-it-over-yet
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