IBM may be setting up a bear break.
"IB who"?
Posting some IBM analysis mostly to remind you that up until 2011 IBM was the king of the stocks. IBM was most certainly "Going nowhere". And IBM are still in business - but the stock went somewhere. For those who think holding stocks that are industry leaders is risk free, I'd recommend you look up the top 20 stocks of 50 years ago and see how many of them are still performing today. Being in it for the long run does not give default success - over time, things cycle out of their bullish patterns and things that have been bullish for decades can be bearish for decades.
Posting some IBM analysis mostly to remind you that up until 2011 IBM was the king of the stocks. IBM was most certainly "Going nowhere". And IBM are still in business - but the stock went somewhere. For those who think holding stocks that are industry leaders is risk free, I'd recommend you look up the top 20 stocks of 50 years ago and see how many of them are still performing today. Being in it for the long run does not give default success - over time, things cycle out of their bullish patterns and things that have been bullish for decades can be bearish for decades.