Monthly Archives: July 2016

Descending channel for IBM.

First, check out one of my┬áprevious post on IBM here. IBM (IBM:NYSE) is testing the top line (resistance) of it’s HUGE descending channel on the monthly candle chart. Bearish divergence with the RSI giving more probablity of the possible bearish move. The 5 year weekly candle chart zooms in on that descending channel. Target 120. […]