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.

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Thursday, April 19, 2012

IBM is facing more weakness. 2012.04.19


The last session on IBM shares lead to a drop of 3.5% on a relevant volume and the chances are that this correction would last for another few days.

The most important trend line on the mid-term is T1 and the target/support zone is set in the $194.00 area, where the December highs were formed and the 50% retracement of the January-March up move stands.

  

Posted by Adrian Filip at 3:04 PM
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