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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.

  

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