Been watching this level since the start of the year, it seems that bulls refuse to give up IBM.
Knocking on the resistance of $164 again and again over the past few months. Eventually, bears behind the door might give way.
Open: 164.69
S/L: 162.01
T/P: 178.07 (gaps)
Earnings might be the catalyst, I've my algorithmic orders waiting.
It's looking like Harman International should even out a bit more before taking off at earnings report in early May. Looking like early this week should be a great time to go long.
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**I am not a professional trader, nor I do I claim to really know what I am doing in any situation. Please don't make any real trades based on anything I may post.**