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Analyzing the stock price movement chart of IBM Corporation, we see that the price may start turn upward correction for the purpose of Kijun -sen. Senior linear regression channel is directed upward, Jr. - also sent up, that does not allow to consider short positions in the market. "Dead Cross" - strong (as the price is below the Ichimoku cloud), so sell orders are relevant at this point. At the moment, the aim downward movement is the support level 185.46. If the price is fixed below the first target, the downward movement may continue with a view to support level 177.72. Bearish candlestick pattern "Absorption "signaled the continuation of the downward movement. New model bullish "Absorption" indicates a possible early upward correction. MACD turned up, indicating that an upward movement, if the indicator is developed downward, it can attest to the completion of the corrective movement. Stochastic entered into oversold that signals now on a downward correction mood and weaknesses. Consider short positions can not turn down any previous linear regression channel. Rebound from the critical line can trigger further downside movement. Youngest chart are advised to consider the downward movement to the support level of 185.46, while fixing below the Tenkan -sen. When opening/fixing prices above the Kijun-Sen will be the actual upward movement to the resistance level of 194.91.
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