Stock Market Viewpoint

Stock Market Viewpoint
Reading the Tea Leaves...

Monday, December 28, 2015

IBM Sideways at Major Support

Since IBM has fallen out of its long term blue channel last year, it has had a long and painful slide but things may be about to improve for IBM as it has recently found support at a major support level coming across from 2008 to 2010 peaks.

click on image to enlarge

If the market takes a downturn, a lot of traders will be looking for last year's beaten up stocks to make a move and IBM is the poster child for that category.

Trade well my friends


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