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International Business Machines Corporation Message Board

  • xudongzhu68 xudongzhu68 Aug 28, 2013 11:50 PM Flag

    little calculation

    215.90-69.50=146.4 X 0.618= 90.4752
    90.4752 + 69.50 = 159.9752 = $160
    this is usually the first correction target, if the market is strong at that time, it may go up from there.
    But if not, another calculation: 146.4 X 0.5 = 73.2; 73.2 + 69.5= $142.7 for the second target.

    Sentiment: Sell

 
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