IBM has a lot to prove in tomorrows earnings report.
The impact of the RedHAT acquisition will be examined very intensely.
Remains great value at 14.73 P/E ratio
Average analysts price target $155 | Hold
Confirming IBM super-bearish into Spring 2020. Expect high volume sell-off pre and post earnings release. Pre earnings drop possible around mid to low 130's, may go as low as sub 120's on earnings or up to 1-2 weeks post earnings, as low as 110's by end of the year. Fantastic short potential on super-weak technicals.
According to my wave analysis; we are in b wave after a double combination which finished with a triangle. According to rule, b wave can ever never finish above the correction starting point(look irreversible line).
As a chart pattern looks you can see the rectangle pattern; if this pattern works, price will rise to 149.79. Wait for candle closing above...
Despues de haber rebotado en la linea de tendencia principal, se ha formado un triangulo ascendente, no son muy valido ya que estamos tocando la linea de tendencia, pero alguna posibilidad hay, por otro lado los indicadores estan a nuestro favor, si el adx empieza con pendiente positiva, seguro nos vamos a los 200,
Ahora en fundamentales para mi ahora...
I know people installing IBM Watson computers so I fundamentally have wanted to invest in IBM for a while now. Is now the time? Their AI is getting better at an exponential rate. The dividend yield is pretty good at 5.46. So I am looking to buy and hold indefinitely, with a lax stop loss.