International Business Machine (IBM) has had a steady rally for a year from just under 117 to about 182. In March however, price has been retreating. But I think this retreat is just a minor correction, and we should pay attention to support as price approaches 170.IBM Daily Chart(click to enlarge)Rising Trendline:- The daily chart shows a rising trendline that would challenge price if price kept falling towards 170.- We can also see that he 170-173 area is a support/resistance pivot area. - I think we have a good chance to see a bounce here.- Note that the RSI is around 40. If the bullish trend since 2016 is still going, the RSI should not push below 40 for long - maybe a couple of sessions at most. If we do see price bounce off 170 and RSI turn back up above 40, we should consider the bullish trend intact. IBM 4H Chart (click to enlarge)Resistance:- Now let's say we do get a bounce from this 170-173 area. - One scenario is bullish continuation.- However, if price holds under 179, we are likely still in a period of consolidation, and I would not trust 170 as a support any more.- A way to accommodate both scenarios is to have a conservative target at 178, where we can lock in profit if price indeed gets here.