Stock Analysis on International Business Machines Corporation (IBM)
Date of Analysis: 31st October 2014
Last Updated on: Same as above date
Current Price: $163.88
Intrinsic Value (How much it’s worth based on it’s financial records): $150.92
IBM has always been a very steady and great business. It’s financial records does translate the same way as well.
This is the monthly chart below and IBM is on an uptrend and will be heading towards $255.43.
But before it moves to $255.43 it will need to make a move down to $145.79 to complete the fibonacci.
Do not enter IBM until it reaches $145.79. Once it reaches around that price, buy and ride it to $255.43.
Disclaimer: Readers are advised to practice their own due diligence before making any decisions. The reader understands the risks involved in trading.
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