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
Alan
