What The Chart & The Fundamentals Say About IBM
I was wrong about being bullish on IBM for over a year! However, I am even more bullish now. The stock is yielding over 5%, the bottom is in after a 25% decline since it's recent bounce just before the bad earnings report. Don't chase here even though you will miss out on the coming quarterly dividend. Once this bounce runs it's course the stock will sell off by year end when the tax loss selling kicks in. You should be able to get in around 116. I thought IBM would be the DJIA best performer for 2018. It is the worst. It should be the best in 2019 and 2020. Wait for now but be looking to get in and or add to if you are already long. Chartsmaster
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.