Shares of IBM is continuing to trade in a bullish mode. Looking at the daily chart, we can see that price has been bullish after a double bottom at the start of 2016.IBM Daily Chart 1/24(click to enlarge)Key Break at 165:- The break above 165 cleared a falling trendine. - 165 was also a critical resistance.- On the daily chart we can see that after the breakout, price action stalled into a consolidation range roughly between 165 and 170.Break above 170:- The break above above 170 last Friday signaled a bullish continuation.- This week, as long as price holds above 168, the bullish continuation outlook should be very clear.- A break below 168 would suggest further consolidation, or even bearish correction.- In the previous update on IBM, we looked at the 175 and 180 levels as next targets.