IBM Corp Weekly (22) Chart Technical Analysis
The IBM (IBM) weekly chart shows the following signs:
The Price of IBM decline under the KUMO and under the Kijun Sen support. The Stock is over the EMA200 making a triple bottom from Oct 2013 till Feb 2014 on it. The MACD and RSI are both on bear signal.
I expect that the stock could continue the short movement until the EMA 200 Support for 4th time in a year as I had mentioned in previous weekly analysis
The Price of IBM decline under the KUMO and under the Kijun Sen support. The Stock is over the EMA200 making a triple bottom from Oct 2013 till Feb 2014 on it. The MACD and RSI are both on bear signal.
I expect that the stock could continue the short movement until the EMA 200 Support for 4th time in a year as I had mentioned in previous weekly analysis
