Conclusion: IBM (IBM) was trading in a bearish wave, which is becoming weaker . Technical indicators and chart patterns show highly volatile movements favoriting bearish direction, recommend hedging long positions or entering short position or bearish spread options strategy , because of the high expected future volatility, consider constructing symmetrical options strategies for buying volatility through strangles or straddles. . Resistance Levels: 125.95, 126.13, 126.67, 126.81, 127.37, 127.38, 127.92, 128.27, 128.63, 129.71,. Support Levels: 123.62, 121.96, 119.86, 117.21, 107.74, 104.27, 104.26, 104.25, 96.49, 96.18, 91.78, 86.58, 83.50, 83.40, 83.30, 83.20, 83.10, 83.00, 80.99, 75.47, 75.42, 75.37, 75.33, 75.32, 74.95, 74.58, 74.09, 72.80,.