The Ascending Triangle is just one piece of the puzzle. See the full technical breakdown.
Bullish continuation pattern.
Market participants tracking IBM should note the latest formation. Currently at $244.51, the asset is showing upward momentum (8.67%). Algorithmically, a Ascending Triangle structure has completed. Buying pressure is strong relative to the 20-day average. A potential breakout level is identified at $256.61, targeting $300.88 with support near $212.34 (R:R 1.0).
What is your outlook on IBM?