Strategy and trading analysis on shares of the company IBM 11-29-2016 by AzaForex forex broker, things every trader should know about forex

Fairly positive news circling over IBM in recent days. This directly reflected in the price of IBM stock on the stock market. One of the major market players Liberty Capital Management increased its stake by 10 percent in International Business Machines Corp. (IBM) in the third quarter of 2016. As a result, Liberty hold 8975 shares of IBM at the ammount of more than USD 1.4 mln. Just recently, a number of other institutional investors have increased their stake in IBM. According to some reports, the percentage of increase in the number of shares in its assets reaches from 2.2 to 81.1 per cent in the proportion of these investors of the total investment portfolio. Many large investors remain optimistic about the investment in IBM, and it is easy to understand, because the company earned revenues totaling more than USD 81.8 blnover the  last year and continues to improve its operations and increase its profit. For IBM's process of improvement is observed in the cloud data storage, security, and mobile applications, which bodes well for the company's longterm returns. Also the company continues to invest in its operations and is constantly looking for new ways of innovation in existing enterprises. Such a positive approach of the management of the company can provide profitable growth for the next years. One way or another, but the company managed to maintain the momentum in comparison with competitors. The company also shows strong online store sales increased worldwide by almost 10 percent compared to 2015. Company is able to seamlessly support the retail customers in the busiest trading days, sending more than USD1.4 billion. letters without a single failure or interruption. This holiday season is already showing signs of significant growth. IBM showed a record level of interaction with its customers on the Internet and via mobile phones. Only on Black Friday, it sent about 405 million email notifications to customers around the world.
This has a positive effect on the dynamics of the growth of the company's stock price. Now the price is close to the nearest resistance level of $ 165 per share. Taking into account the growth potential of the shares price, it is possible to put the pending orders to buy above this level with a target to a minimum of 500 points to 170. Although the price growth can be continued and further, because the range is limited only by the growing trend at the level of 177 dollars. Therefore, for investors with good exposure we recommend to make the maximum profit out of this movement.

The price is above a simple moving average 200 MA and 20 MA indicating bullish trend.
The MACD trend indicator is above zero level now, indicating bullish movement.

If the resistance level is broken you can use the following recommendation:
•    Chart timeframe: H4
•    The trade recommendation: Buy
•    The level of entry into long position: 165.00
•    The level of profit and close the position: 170.00 (500 pips)

Precious metal GOLD 
Possible bearish movement in the breakdown of the support level 1181.70

Forex currency pair GBPUSD
Possible bullish movement in the breakout of the resistance level 1.2530

Forex currency pair USDCHF
Possible bullish movement in the breakout of the resistance level 1.0170

Forex currency pair USDJPY
Possible bullish movement in the breakout of the resistance level 113.00