In today’s briefing:
- International Business Machines Corp (IBM US) – TSS < 10 - Target Tactical 6-7% Upswing
International Business Machines Corp (IBM US) – TSS < 10 - Target Tactical 6-7% Upswing
- IBM US peaked at 153.21 in December 2022 and has declined more than 15% in the subsequent 12 weeks.
- Last week’s low of 127.71 was plagued by extreme ST momentum failure and this new 4 month low was quick to fail and reverse.
- Our TSS methodology triggered a TSS < 10 at the low and justifies a further 6-7% upswing in the coming 1-2 weeks.
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