IBM blasted through previous resistance levels after its earnings report, then broke out to a new yearly level. Despite heavy profit taking by Professional Traders, the stock price held above that resistance level.

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Beyond Technical AnalysisCandlestick AnalysisChart PatternsEarningsearningsreportIBMinternationalbusinessmachineslevelprofessionaltradersprofittakingresistancelevelvelocityrun

Martha Stokes, CMT
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