20.01.2016 - Quotations of IBM fell sharply

The price of IBM stock, after some consolidation near the level of 132.00, continued to decline inside the descending channel, but today showed a sharp fall and reached the level of 120.00, from which probably will rebound upwards and will try to close the gap. In case of further decline, target levels will be 110.00 and 100.00. In the near future the price correction is possible, but the medium-term negative trend will continue according to our estimates.

International Business Machs Graph Dropping

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