The movement of International Business Machines Corp. towards the support line of a Channel Down is yet another test of the line it reached numerous times in the past. We expect this line test to happen in the next 2 days, but it is uncertain whether it will result in a breakout through this line, or simply rebound back to current levels.
After testing the support line numerous times, International Business Machines Corp. is once again approaching this line. Can we expect a bearish trend to follow?
