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
Super Trading Strategies: Super Strategies
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