IBM earning can confirm this analysis
Hey guys.
so far my technical analysis is going hand in hand with the fundamentals. I made this chart a few days ago and so far its been following the trend. the biggest confirmation was when IBM opened up above the 50 MA on Wednesday. Critical points to break are the top light purple area between 124-126. If it breaks through it should continue up to that area circled which is also a critical area that might have a pull back before it continues its upward trend. Earnings will be a key factor on monday and they are working together with Verizon on a 5G project. This team up can cause this stock to go up higher then its previous high of $135 from last month. if you guys see the same thing as i am i believe it isn't to late to get in on this. not to mention its high dividend yield.
so far my technical analysis is going hand in hand with the fundamentals. I made this chart a few days ago and so far its been following the trend. the biggest confirmation was when IBM opened up above the 50 MA on Wednesday. Critical points to break are the top light purple area between 124-126. If it breaks through it should continue up to that area circled which is also a critical area that might have a pull back before it continues its upward trend. Earnings will be a key factor on monday and they are working together with Verizon on a 5G project. This team up can cause this stock to go up higher then its previous high of $135 from last month. if you guys see the same thing as i am i believe it isn't to late to get in on this. not to mention its high dividend yield.