The correction since March 2017 at IBM could be close to completion and reach a run-up to at least $ 178 if this movement instead of a wave 3 is only a wave (C). That would be a whopping 24% margin. A run-up through the turnaround range is supported by 61.8% of the previous wave (A) / 1. There is a nice divergence in the RSI and MACD which confirm a trend change...
I am not an IBM fan but heads up at these levels as I see undervaluation of IBM Possible safe play hedge --> long IBM + short a tech stock I will be entering a long position - I believe shortly- at $140 watching the action for now Keep it REAL!
Because IBM has been building it's arsenal, oh yea, Amazon, Google, ect... Blah, IBM still has that aura about it, +IBM just announced a debate ai, \ LOL Just what I need right, Turn it on during a dinner conversation and Peace! Not exactly at the moment, Their plan is to- Help with Search, !?!!%$#$# yes, that consistent google search for item x, research...
IBM has a lot of understated, misunderstood, visionary initiatives under its belt starting last year. The name is no longer what it used to be, but IBM has pivoted before under Lou G. and it can definitely do so again if given time and proper execution. There is a small, but powerful minority that will always root for this stock and that will help propel it on any...
The latest data has beaten the expectations of analysts and is in oversell condition it's a great opportunity to insert a large company in portfolio