Ibm (ibm) Back On A Growth Path?

Discussion in 'Investment Charts' started by Chartman, Oct 18, 2017.

  1. Chartman

    Chartman Senior Investor

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    Dont cross this one off your list of possibles just yet - the old lion might be about to roar very soon :)
     
  2. Buyonthedips

    Buyonthedips Senior Investor

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    A very bullish break over $158 for this one - I think we are back on the upward path. As many have said, surely even a worst case scenario the sum of the parts must be worth a lot more than the company's market cap just now?
     
  3. longtermbull

    longtermbull Administrator Staff Member

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    Just when you think the IBM share price has turned a corner, it takes a hit. Might a potential trade war with China, after the introduction of US steel tariffs, be the reason behind this recent weakness?
     
  4. gowiththeflow

    gowiththeflow Senior Investor

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    Has anyone seen any research on the sum of the parts for IBM? It is a huge company which has under performed for a long time now.
     
  5. Chartman

    Chartman Senior Investor

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    Looking at a bit of a chart breakout here - is it time to take a look at some of the older less popular companies such as IBM?
     
  6. gowiththeflow

    gowiththeflow Senior Investor

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    Looks to me as though IBM is moving into a new territory - if it can hold the $159 level for a few days I think we could see some serious upside.
     
  7. longtermbull

    longtermbull Administrator Staff Member

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    Still hanging around the resistance on the chart - cant break free from the $159/$160 level. Any break above this level has got to be positive for the share price?
     
  8. gowiththeflow

    gowiththeflow Senior Investor

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    Just broken through the $160 level - if the shares can hold above this level for a few days I think we could see some significant upside in due course. After a period in the darkness it looks like the company is back in favour?
     
  9. Chartman

    Chartman Senior Investor

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  10. Buyonthedips

    Buyonthedips Senior Investor

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    Surprised to see the support at $160 did not hold in the short term. There seems to be a fundamental change ongoing within the IBM group and this may be one of those occasions where a name change, despite the fact it is an iconic name, might change the perception of some investors?
     
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