IBM ended a long period of decline, however it seems that an attempt to change the trend was quickly rejected. Despite having delivered higher-than-expected earnings reports, the price is close to a very important level of support.
What makes me wonder... would it be possible that this attempt to change the trend was initiated by the expectation generated by the income report? And after not having covered the "expectations" immediately lost attention?
If that is the case, we will most likely see its price stay within the channel that respect good part of the 2017.
If it's just a break, we'll see IBM succeed and rise after retesting this support point.
Whatever the case, there are enough reference points to make decisions. I hope this is useful for you. Best wishes to all.