Sunday, February 12, 2017

Annual Forecast on IBM (2017)

IBM shares (NYSE:IBM) is in a clear uptrend, which started in October 2016. The market was in a bearish trend prior to that.

The ADX period 14 is at the level 30, showing some strength in the market. The DM+ is above the DM-, meaning that bulls currently have upper hands.

The MACD default parameters, has its histogram and signal lines above the zero lines. There is a Bullish Confirmation Pattern in the market and further bullish movement is possible this year.

IBM could reach the supply levels at 190, 120 and 121 in 2017.

Azeez Mustapha

Market Analyst, Trading Signals Provider and Coach

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