FX.co ★ The IBM Shares Survey according to the Point and Figure Charting for January 23, 2012

The IBM shares have overcome the descending trend line in the point 183. 2, providing the strong signal for BUY-deals. The relative strength chart is located in the X column indicating the purchasers’ force.
The computer sector chart is located within the bullish confirmation structure at level 40% and continues its growth. This fact also confirms the high purchasers’ pressure.
Today it is possible that the little correction towards the support level 186. 4 will take place. From there the ascending movement is to resume.
As the main tendency remains ascending, it is recommended to buy the IBM shares.