IBM - Tremendous bullrun aheadWelcome my dear subscribers to my analysis featuring IBM! NYSE:IBM
Over the last few weeks me and my colleague had plenty of time to check up on our investments and plan our strategy for 2022.
We invested in IBM in the past because it formed very large and solid Wave 1 / Wave 2 setups.
As i mentioned in other posts such large formations always point to an upcoming multi-year bullrun.
In the past IBM may have disappointed some investors because it traded sideways or didn't made as large moves as other tech stocks.
However we are very certain that IBM will reach prices above 170$ in the upcoming months and prices above 200$ are very likekly in the next years.
We have two major supports which give us a solid foundation for the upcoming movements, consider following levels as very important.
Bottom of yellow Wave 1: 112.10$
Bottom of blue Wave : 101.17$
As long as we don't break below these lines IBM will continue to be a very safe investment and the dividend of 4.80% is a big bonus for everyone!
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If you have questions related to a specific stock or the Elliot Wave theory, feel free to contact me.
