IBM Weekly Chart

IBM weekly chart shows the pull back caused by the negatively diverged stochastics and to some extent histogram. The RSI and money flow received a lot of momo push, so these two indicators want to see another matching price high again. When that ocurs, the indicators should all line up with a potential M Top and negative divergence and take it down for extended downside in the months ahead.

Note the high volume days all occurrred prior to the horizontal channel forming in Fall 2009. A return to the 120-130 channel in the months ahead is resaonable to expect. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here or any links connected to this information. Consult your finanical advisor before making any investment decision.