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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