IBM buoyed by positive pattern - Analysis - 13-06-2018

IBM's stock rose in the intraday levels, scoring a fresh profit of 0.20% in the last session, or 0.29 points, as the stock gets buoyed by a positive pattern that formed in the short term, the Double Bottom pattern, shaking off the negative pressure from the 50-day SMA. 

Therefore we expect more gains for the stock, as long as it settles above 146.20, targeting the resistance of 152.09 as a price target for that forming technical pattern.