Market Technical View is a blog that mostly concerns the technical analysis of different financial instruments like indices, commodities, stocks, ETFs and currencies.

All the posts are structured in 3 main chapters that can be found in Content, in the upper right-hand corner of the blog.

Market perspective. The technical approach consists of chart patterns and important support/resistance zones. The purpose of this section is to give directions of the price on short and medium term (a few days up to a few months).

Trading setups. The analysis posted here will provide trading scenarios based on different technical tools.

Romanian Market. This is a section dedicated to Romanian stocks and indices.

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Friday, January 27, 2012

IBM shares price in clear up trend

IBM share price is in a rising trend since December 2008, evolving in a rising channel between T1 and T2 lines.

The first support zone is between $186.60 and 188.25 levels, followed by $177.20 support. Until these supports will be broken there is no sign of reversal.
The closest target/resistance is set by T2 trend line, somewhere in the $200.00 area.

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