$IBM
Added 2024-01-24 04:25:59 +0000 UTCVery clean breakout of this yellow channel and we can see clearly that there was a break out with a retest from above and the price held support, this was also assisted by the 50 Day MA too, making this a strong confluence level.
There are no changes to our chart either since the last time we uploaded this and it appears to be following our Wave 3 projection very well here.
The Blue line at $206 is our next target, this does not move fast which is perfectly fine for many investors, slow and steady but moving in the right direction is always healthy.
Comments
It’s not a secret I am heavy on IBM since its 130s and honestly very happy with this position: high dividend, strong attitude despite indexes or other factors and zero fomo so the path looks cleaner and safer, without speculative and umpredictable ups / downs. My question is: is there a clear point where it makes sense to add on my position, in case I wanted to?
Federico Salerno
2024-01-24 10:15:51 +0000 UTC
