IBM - Buying on rebound- target 200.00 over the long term

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International Business Machines Corporation (BATS:IBM)

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BATS:IBM International Business Machines Corporation

Trend Analysis Chart Patterns Wave Analysis

trendanalysis chartpattern waveanalysis

IBM is likely to complete the last leg of the ABC expanded flat formation or the UTAD of the distributive phase C. Slight strong buying is seen on Tuesday after rebounding off the demand zone at 166.11 and is likely to see strong upside. Hence, considering to buy at spot or 162 limit price. Target will be at 200.00

Comentário:

Considering taking partial profit at 180 region

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