Replies to post #629 on International Business Machines (IBM)

[stocktrademan]

What's the reversal rate ? And how far you think this will go ?

I think it might get to around the 160s area at least for starters. Probably will visit each gap area and wiggle around the moving averages as it meets them on the way up, changing them from resistance to support. Probably will be in the 180s by the end of autumn if things go well....but as a caveat if the price goes below the recent low at 150 then the market has other plans and react accordingly...all imho...just looked like a low risk to high reward type of trade to try...