14.10.2015 - IBM shares according to our estimates will fall in the near future

IBM stock price after the sharp correction to the level of 152.00 and the upper limit of the downward channel has resumed falling. Currently quotes are near the level of 150.00 and fixing of price below this mark will be the signal for the opening short positions with the target at 140.50. In this case, a stop should be set above the local maximum at 152.00. We are waiting for the signal to open new positions and expect the price decline in the near future.

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