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RizeSenpai

Cup with Handle on IBM Attempting to Break $140 Resistance Level

Long
International Business Machines Corporation (NYSE:IBM)  
RizeSenpai Updated   
NYSE:IBM   International Business Machines Corporation
Chart Patterns Trend Analysis dowjones thedow djia semiconductors US30 cupandhandlepattern Cup And Handle
4
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chartpattern trendanalysis dowjones thedow djia semiconductors us30 cupandhandlepattern cupandhandle
We have a nice looking Cup with Handle on IBM and it's currently Challenging the $140 Psychological Resistance Level, if it can get above that i think we will see IBM's stock price push towards the $175-$180 measured move. On a side not i also believe the Dow will be the strongest performing Maor US Index and reach all time highs before any other index and that IBM will be one of the more major stock leading the way along with Microsoft and Intel.
Trade closed: target reached
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