IBM may rise to 201.00 - 205.00

178.5 is our pivot point.

Our preference

As long as 178.5 is support look for 201.

Alternative scenario

The downside breakout of 178.5 would call for 171.9 and 168.

Comment

The RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The stock could retrace in the short term. Moreover, the stock is above its 20 and 50 day moving average (respectively at 186.158 and 177.0986).

Supports and resistances

208.9 **

205 *

201 **

197

186.8 (USD-last)

181.1

178.5 **

171.9 *

168 **

Number of asterisks represents the strength of support and resistance levels.