IBM Shares Survey according to the Point Figure Charting February 17, 2012
IBM shares have nearly reached the resistance level 193.2. If purchasers are able to overcome the 193.2 level, there will be a strong signal for BUY-deals and the way to the point 194.4 will open.
The point 191.2 is considered as a support level. In case it has been overcome, the descending movement to the main line of the uprising trend 189.6 will continue.
As long as the main tendency remains ascending, today it is recommended to buy IBM shares after the breakdown of the resistance level 193.2.
Performed by Sergey Litvinenko, Analytical expert
InstaForex Companies Group © 2007-2012
IBM Shares Survey according Point Figure Charting February 10, 2012
IBM Shares came close to the support level 192.8 where the additional line of the ascending trend is drawn. Today the ascending movement of shares is expected to resume. The resistance level 194.4 is the main objective for purchasers. In case it has been overcome, the way to the resistance level 195.2 will open.
If the price turns downwards and the resistance level 192.0 has been overcome, the way to the main line of the ascending trend 188.8 will open.
Performed by Sergey Litvinenko, Analytical expert
InstaForex Companies Group © 2007-2012
IBM Shares survey according the Point Figure charting January 19, 2012
The IBM shares have nearly reached the resistance level 181.2 where additional line of the downward trend is drawn. Despite the ascending movement of the computer sector, the main IBM tendency remains descending. The relative strength chart is located in the X-column indicating the purchasers’ force.
It is recommended to buy IBM shares when the main descending trend line 183.6 has been overcome.
Performed by Sergey Litvinenko, Analytical expert
InstaForex Companies Group © 2007-2012
The survey IBM shares according the point an igure charting 13.01.2012
After overcoming the 180, 8 resistance level the IBM shares continued their descending movement to 178, 4.
At the moment there is a return of shares to the resistance level of 180, 8 from where it is possible to resume descending movement.
The strong support level 177, 0 is a target for traders.
As long as computer sector turned to «X» column it is better not to sell shares.
Deals are considered only when the main descending trend line has been overcome.
Performed by Sergey Litvinenko, Analytical expert
InstaForex Companies Group © 2007-2012
Review IBM Points Figure Charting 05.01.2012
The buyers did not manage to pass the important resistance level 188.4, where the main line of the downfalling trend is placed, thus the shares were driven down.
At the moment there is a declining movement to the support level of 184 observed.
As the general tendency remains decreasing and the chart of the computer sector is still in the formation “Bullish correction” at the rate of 30%, today the continuation of the descending trend is expected.
In case of a pre-time shares’ upward rebound and breaking through resistance level at 188.4, the buyers will overwhelm and a rising pace will last till the resistance level at 190.8.
The relative strength chart is placed at 50% and is directed horizontally.
Performed by Sergey Litvinenko, Analytical expert
InstaForex Companies Group © 2007-2012
