Shares of International Business Machines Corp. (NYSE:IBM) are on the verge of a sharp fall based on the stock hammering into not one, but two trend line resistance points. This can clearly be seen on the stock chart below and is a warning to investors to sell their long positions and maybe even short the stock into year end. January might be ugly for IBM. The pull back level is likely $155.00 from its current $166.99 in January 2017 alone.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.