The Nifty Fifty Year Chart


Here is a yearly chart of IBM that I posted over at last night.

Note the ascending triangle bullish breakout (which I highlighted at the time in this blog) back in 2010. Now, though, the stock is digesting some of that move in the short-term. Overall, Big Blue is still in long-term breakout mode and could easily push higher yet after putting in some more work below $200.


One Response to “The Nifty Fifty Year Chart”

  1. Now that is pretty Chess. I hope it’s a model for the entire market.

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