Key takes
An international business machine (IBM), which increased rapidly on Thursday after the computing giants have raised their fourth quarter profits than expected by the strength of the AI business.
The company has added that its generated AI Book Book has increased by nearly $ 2 billion since the previous quarter, and that a global client is looking at Big Blue to use AI to strengthen companies. IBM’s software segment revenue increased 10.4 % from the previous year and recorded the largest jump in five years, helping to offset consulting and softness in the infrastructure business.
IBM’s shares increased by 12 % in the afternoon of $ 256 after a record of nearly $ 262 this morning. Stock prices have increased by 36 % in the past year and have surpassed the S & P 500 period.
In the following, we classify the technology of IBM charts and identify the major price levels that investors may be aware of.
Rising triangle breakouts
IBM shares vibrated in the triangle rising from early October last year. Recently, I found support from a low -pattern trend line.
When the bullish momentum accelerates on Thursday, the stage is set in a break away gap above the triangular top trend line.
Apply technical analysis, predict two potential upscopies, and watch and identify major support levels worth monitoring during retracing.
Up price goal to watch
Measurer main target
The measurement principle works by analyzing the rising triangle of the IBM chart and projecting an upside target.
To apply the method, calculate the depth of the pattern closer to its wide point and add the amount to the triangular top trend line. For example, add $ 40 to $ 238. As a result, the goal is $ 278.
Bar pattern target
Investors can use bar pattern analysis to predict how long -term uptrends of stocks are played. This is a method of studying the previous trends of the chart to predict future directional prices.
If you apply a tool to the IBM chart, you will extract trends in stock from June to October last year and re -place this month. Analysis shows that if the price action imitates the previous tendency, the trend may last until May.
Just like how the current movement began, this bar pattern was selected when it started with a lower triangle trend line.
Major support level for monitoring
In the pullback, investors need to monitor how the stock price responds to the $ 238 level. This area on the chart may attract the purchase of purchases by re -testing the rising triangular top trend line.
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At the date of this article, the author does not own the above securities.
