A strong support line has stayed intact for 24 days, recent bounce off support signals strong upward trend. Additionally during the most recent down trend, each level of my fib retracement has met bears with bullish resistance. Will an upward trend coupled with bullish buy ins along Fib Levels lead the market to a LTC above 100$?
Let me know your thoughts on this!
Following current trends I want to call a price somewhere around $118 going into as far as 2016. It really doesn't look like this company has any more room to grow and a fall in share price is coming.
I have a feeling IBM will gain a bit more, possibly testing resistance again up around $205 making a good area to get shorts in.
The resistance arcs are more for...