Technical Analysis: IBM
International Business Machines Corporation ($IBM) remains a leader in quantum computing, hybrid cloud, and AI solutions, offering strong long-term growth potential. Despite short-term pressures, IBM’s stock is expected to retrace to $205, driven by market volatility and policy uncertainties. However, with strong technical indicators like the MA50, MA200, and RSI, IBM is well-positioned for a rebound. Renewed investor confidence and enthusiasm for quantum computing are expected to drive the stock toward our long-term target of $245. Review our analysis below for more information about how we reached our target!
(NOT INVESTING ADVICE).
