19.04.2016 - IBM Shares may continue to grow to 165.00

Price of IBM after the recent correction, continued growth along the lower boundary of the local rising channel and at the moment is near the level of 150.00 and the inclined resistance line. Fixing the price above the given levels will be the basis for further growth with the targets near 165.00. In this case, a stop should be set below the level of 148.00. Our medium-term outlook is positive and the fall in the near future is limited by the support at 148.00.

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