IBM - Buying on rebound- target 200.00 over the long term
Updated
IBM is likely to complete the last leg of the ABC expanded flat formation or the UTAD of the distributive phase C. Slight strong buying is seen on Tuesday after rebounding off the demand zone at 166.11 and is likely to see strong upside. Hence, considering to buy at spot or 162 limit price. Target will be at 200.00Note
Considering taking partial profit at 180 regionNote
Continue to hold on to buy until it or may break below 221!Note
Still holding! 
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