$IBM - RC -
Added 2023-12-19 11:42:19 +0000 UTC$IBM is having a good year and has broke out into the Bull Case over the last few weeks.
The 0.618 Fib was a formidable support line from 2016 to 2023, with only one drop down to the 0.78 Fib in 2020, during the Covid shock crash but recovered very well.
So we can see that there has been a trend change since bouncing on the 0.618 Fib and the trend is drifting back up to the ATH line at $206 in a long arc since 2013.
This would align with our Wave 3 target too.
I do not expect this to move fast but it appears very stable and strong, so a sensible buy and a 4% dividend payment too.
Better than most big tech stocks.
Comments
Aaaaaawwww my IBM!!!!!! 🥰
Federico Salerno
2023-12-19 11:43:36 +0000 UTC
