Tuesday, July 19, 2005

IBM


Here is an updated daily chart of IBM showing its price boxes up from the April 20 low at 71.85.

I have been very bullish on this stock as you may recall from my previous posts here, here , here and here.

The bottom of the current price box is 82.70 and I expect IBM to find support there and then move to the top of the box near 88.20.

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