FX.co ★ The survey of IBM shares according to the point and figure charting for 13.01.2012

After overcoming the 180, 8 resistance level the IBM shares continued their descending movement to 178, 4.

At the moment there is a return of shares to the resistance level of 180, 8 from where it is possible to resume descending movement.

The strong support level 177, 0 is a target for traders.

As long as computer sector turned to «X» column it is better not to sell shares.

Deals are considered only when the main descending trend line has been overcome.