IBM: Processing… 💻IBM is still processing wave b in red – the second step of a three part downwards movement, which should soon lead to the low of wave B in turquoise. As soon as wave B in turquoise is complete, the share should turn upwards to climb above the resistance at $139.47. There, IBM should conclude wave 2 in green before a significant downwards movement should take hold. However, there is a 35% chance that IBM could rise above $139.47 directly to develop a new top of wave alt.A in turquoise first before turning downwards again.
Ibmforecast
IBM in BMV about to start bearish trendI just checked in a long timestamp and found that bullish channel has been broken, also right now I saw wave B is ongoing which makes confluence with H-C-H pattern and bearish Edge pattern too. We can see squeeze momentum is also ready for this bearish trend and CRSI is pointing too.
IBM AnalysisA bearish idea for IBM , showing a potential drop below the major trendline that has been established
it can be compared to a point in the past where price also went under the major trendline (in red) and took a steep drop
I'm not sure how far it could drop but under the major trendline we will consider it bearish for traders
IBM earnings todayIBM expected to report its Q4 earnings of $3.39 per share, a 60% YoY growth, from $2.07 per share seen in the same period a year ago.
Taking into consideration also the 14K Calls and less than 1K Puts from last Friday, i think that $136 should be the price target.
looking forward to read your opinion about it.
IBM Idea - Restoring TrendlineCurrently price is sitting just under a major trendline that can be drawn
Similarities can be drawn between a dip in the early movement of IBM and one that has occurred recently
Post this dip, the price rose and retook the trendline
I expect this to be the case again
Weekly Chart
IBM 1M The history of the corporation is worthy of respectInternational Business Machines Corporation is an American electronic corporation, one of the world's largest manufacturers of all types of computers and software, one of the largest providers of global information networks.
IBM owns more patents than any other technology company.
The story begins in the 19th century.
If you have been following us for a long time, you should notice that we decided to make a portfolio of ideas from assets in the stock market for the long term.
And of course, it would have been blasphemy if we hadn't written a review of such a powerful company as IBM.
The corporation has been actively developing for more than a century, making our life easier and better by introducing new technologies into it.
Looking at the chart, you can name one dark period in their history - this is the beginning of the 90s, when the price of IBM shares fell to a critical $10.
In the early 1990s, the mainframe market crisis began, which peaked in 1993. And you guessed it - the main developer of mainframes was the IBM corporation. In 1993 Many analysts talking about the complete extinction of mainframes just now, and about the transition from centralized information processing to distributed (although the last mainframe was turned off in 2013).
In 1993, IBM posted a $8bn loss - the largest in American corporate history at the time - and it was time for drastic action.
New gene. director Luis Gerstner decides to cut 20% of its employees, which is 60,000 people. It was the largest cut in American history, but helped the IBM corporation survive from 1993-1994. From 1993 to 2002, when Gerstner left the Big Blue, the company's market capitalization rose from $29 billion to $168 billion . This man is considered the savior of IBM.
The next interesting period is the beginning of 2013 , then a protracted correction in the value of IBM shares began, with which the price is now trying to start going up.
An interesting coincidence is that the price of Gold went into its 6-year correction also at the beginning of 2013.
Such a correlation might suggest that long-term investors have so much faith in IBM that they can view their stock as a defensive asset on par with Gold?)
By the way, below is our global thought in relation to Gold.
So, now let's talk about the prospects that we assume looking at the chart.
The maximum correction that we are now admitting is a fall to $110.50-112.50 , from which we expect a solid rise in the value of IBM shares.
We consider the critical level - $180
Fixing the price above this level will open the way for a long-term growth perspective to $500-530
If the market will be negative, and the price cannot break through above $180, then unfortunately, then it will already be necessary to look towards $70 per IBM share
What do you say, about such material, comes in?
Share your thoughts and expectations in the comments on IBM stock