Ibm (ibm) Back On A Growth Path?

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

  1. Buyonthedips

    Buyonthedips Senior Investor

    Joined:
    Feb 2018
    Posts:
    324
    Likes Received:
    1
    The share buy backs may have stopped but the company does not appear to have over paid for Red Hat with hindsight. One to watch closely and buy on weakness.
     
  2. gowiththeflow

    gowiththeflow Senior Investor

    Joined:
    Jul 2017
    Posts:
    914
    Likes Received:
    8
    Is IBM set for another rally? The fall seemed well overdone and the shares appear to be consolidating.
     
  3. Buyonthedips

    Buyonthedips Senior Investor

    Joined:
    Feb 2018
    Posts:
    324
    Likes Received:
    1
    I noticed Dell picked up towards the end of last week - is the sector coming back into favour?
     
  4. longtermbull

    longtermbull Administrator Staff Member

    Joined:
    Nov 2016
    Posts:
    1,538
    Likes Received:
    20
    This is a critcal time for the share price - trying to push ahead but sellers back in. One to watch - still think the breakup value offers a significant premium on the current share price. In all honesty that is the only reason to buy the shares?
     
  5. gowiththeflow

    gowiththeflow Senior Investor

    Joined:
    Jul 2017
    Posts:
    914
    Likes Received:
    8
    The graph seems to indicate next resistance is not until $140 so a little upside in the short term and maybe further if it breaks through $140. Just get the impression it is consolidating ahead of a recovery - possibly back to $150+ levels?
     
  6. longtermbull

    longtermbull Administrator Staff Member

    Joined:
    Nov 2016
    Posts:
    1,538
    Likes Received:
    20
    No more resistance until $155 - further upside in the short term?
     
  7. gowiththeflow

    gowiththeflow Senior Investor

    Joined:
    Jul 2017
    Posts:
    914
    Likes Received:
    8
    I think this one is ready to go pop on the upside and as someone said with no resistance until $155 it could happen fairly quickly.
     
  8. longtermbull

    longtermbull Administrator Staff Member

    Joined:
    Nov 2016
    Posts:
    1,538
    Likes Received:
    20
    These rallies dont seem to last too long at the moment - is there a decent sized seller out there?
     
  9. gowiththeflow

    gowiththeflow Senior Investor

    Joined:
    Jul 2017
    Posts:
    914
    Likes Received:
    8
    Not looked at this one for a few days but it seems to be consolidating ahead of another run? A fall below $140 would seem to be the only major downside.
     
  10. longtermbull

    longtermbull Administrator Staff Member

    Joined:
    Nov 2016
    Posts:
    1,538
    Likes Received:
    20
    Again, it looks to me as though the IBM share price is consolidating ahead of a push upwards. Time will tell!
     
Tags:

Share This Page