IBM Monthly Chart Pattern, Projection target profit reached!
Dear Traders,
As much as technical analysis is concerned, many sources have repeatedly comment umpteen times that the simpler the chart the better, and i agree with that absolutely.
The monthly chart is in fact easy to spot how IBM prices move since 1993 and forming an ascending triangle!
The target project is actually realized at 205.5, i only have enough capital to short 10 shares at 205.5!
As much as technical analysis is concerned, many sources have repeatedly comment umpteen times that the simpler the chart the better, and i agree with that absolutely.
The monthly chart is in fact easy to spot how IBM prices move since 1993 and forming an ascending triangle!
The target project is actually realized at 205.5, i only have enough capital to short 10 shares at 205.5!
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