International Business Machines Corp. is quickly approaching the support line of a Channel Down. We expect either a breakout through this line or a rebound.

International Business Machines Corp. is heading towards the support line of a Channel Down. If this movement continues, we expect the price of International Business Machines Corp. to test 130.96 within the next 3 days. But don’t be so quick to trade, it has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding just like it did in the past.