IBM $164.52: Confirms a higher base on rallying through February
IBM rebounded off the 153.40 low (March 13, 2015) through February’s 162.49 high to confirm a higher base over the former and trigger further strength towards 165.59 (October 31, 2014 range high) ahead of last October’s 170.33 gap low (October 20, 2014 high) near the 200 day moving average currently at 169.53. 160.35/158.81 (March 20/19, 2015 lows) serves as the immediate support zone where buyers are expected to step in.
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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.