IBM Going down down down 📉📉📉🔻🔻🔻😓
The weekly chart says it all.
- Failing trend line resistance multiple times over the last few years
- Failing to fill upside gaps
- Very poor recent earnings as cloud-based SaaS businesses continue to eat IBM's lunch via Amazon, Datadog, Snowflake et al.
My take is that this is going sub 100 before going higher. We are currently short IBM from slightly higher prices but still view the risk-reward as attractive.
- Failing trend line resistance multiple times over the last few years
- Failing to fill upside gaps
- Very poor recent earnings as cloud-based SaaS businesses continue to eat IBM's lunch via Amazon, Datadog, Snowflake et al.
My take is that this is going sub 100 before going higher. We are currently short IBM from slightly higher prices but still view the risk-reward as attractive.
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Declinazione di responsabilitÃ
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.