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19.03.2012 10:11 AM
IBM Shares Survey according to the Point and Figure Charting for March 19, 2012

 

Having overcome the strong resistance level 200.8 IBM shares continued the ascending movement.

Presently the main target is seen at the resistance level 208.0. In case this level has been overcome, the way to the point 209.0 will open.

The computer sector chart remains within the Bullish confirmation formation indicating the purchasers force.

The point 197.2 is considered as the strong support level. In case it has been passed through, the current signal for Buy-deals will be cancelled and the main trend will change to downward.

Today it is recommended to buy IBM shares.

 

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