IBM Corp WEEKLY (21) CHART TECHNICAL ANALYSIS

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The IBM (IBM) weekly chart shows the following signs:

The Price of IBM decline under the KUMO and over the Kijun Sen support. The Stock is over the EMA200 making a triple bottom from Oct 2013 till Feb 2014 on it. The MACD and RSI gave bear signal.

I expect that the stock could continue the short movement until the EMA 200 Support for 4th time in a year. The only thing that could change the trend is the overcome of KUMO cloud.

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