CFD Trading – Buy IBM Corp (IBM.NYS) @$141.60. Stop @ $137.30 and Target @ $150.00.

International Business Machines Corp Stock Code IBM.NYS


Price broke above the cloud in the previous trading session and this could be a sign that the bearish trend or correction could be over and a new bullish price trend could have begun. Conversion and Base lines had a bullish crossover, hinting of a bullish price trend. Lagging Span is above price of 26 days ago and above the cloud, confirming the bullish trend. MACD has a bullish crossover, hinting of a bullish price trend ahead. MACD had also given a bullish divergence warning, hinting of a price low at $133. We think price is likely to move higher to the previous price high at $150.06 in the next 2-3 weeks.


$141.60              Buy

$150.00              Price Target

$137.30              Risk Management Stop

3 weeks              Trade Duration

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