BY LICIA LESLIE
May 1, 2024
Hi Shoppers,
International Business Machines (Ticker: IBM) was slammed after its earnings report and the stock traded down right to my pitchfork support level:
IBM is consolidating right here right around the red median line.
There is also a support level in this area created by the old high and a gap, which has now been filled.
Once IBM closes below $166, it will trade $159.50 and below there $150.50.
Thanks for Reading … See You Next Tuesday,
Licia Leslie
Licia Leslie
Head of Technical Analysis
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