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FX.co ★ IBM Shares Survey according to the Point and Figure Charting for January 26, 2012

IBM Shares Survey according to the Point and Figure Charting for January 26, 2012

Yesterday the IBM shares dropped to the resistance level 189.6 and later resumed the ascending movement.
In case the resistance level 192.4 is passed through the way to the level 194.0 will open.
The main tendency remains uprising; the computer sector chart is located within the bullish confirmation structure at level 40% confirming the purchasers’ force.
Today it is recommended to buy IBM shares after the level 192.4 has been overcome.

IBM Shares Survey according to the Point and Figure Charting for January 26, 2012

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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