After several hours of crunching the numbers my computer has just confirmed that there is no way the stock price will go below $204.6725.
,,, seriously, I think you'll see support at ~ 189.75 to 190.25 lot of variables with the current market, but I'll be starting to buy there.
one of the variables is that if things really start to go south, IBM will benefit from a "rush to quality"
Friday was either a form of market capitulation or the beginning of another round of volatility with extreme downside bias. Interestingly, techs are leading this down. Pne side says Benny and the jets won't allow. Anything to interfere with the wealth effect. But wll find next wek. Gl all.
After further analysis, I adjusted my IBM support price to $182.985 which is pretty close to the original poster's support price. I'll be working all weekend to amass a new support leval price. Have to gather new data in order to do this.
MArket has not corrected . If it does,all bets are off.
Hasn't pierced key level.....as I said.
We have to watch and see if it gets to $183.60.
Meanwhile, today, you just don't want it breaching the LOD at or near the close, which is $194.07