Wednesday, September 12, 2012

IBM Daily

IBM Daily is breaking out of a long term down trend line. But also bumping its head on rising trend-line which is resulting in a rising wedge pattern. Note the inverted head & shoulders pattern that's targeting the 213.00 price. On a pullback into 202-200.00 i anticipate buyers to be active on a re-test of the broken trend-line plus the August high as support.

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