IBM
> General:
– yesterday i did a take on 
MSFT and it ran 30 dollars plus that same day with plenty of more room for it to run further
– today I’m picking up another name of the same good-ol’ group of tech giants, especially benchmarking her to 
DELL recent move as a lead runner and an example of what is yet to come
> TA:
– the bull run is already in its 2nd week but daily MACD still haven’t cross over above the zero line and RSI still under 60 level; thus indicating more room to the upside
– the run started with a bounce of the weekly 200 EMA (circa 210-215) and she is now resting on high grounds with all MA’s, VWAP’s, including anchored VWAP (265) from the top of ATH are below price; ergo having plenty of support
– the elephant in the room, albeit it a minor issue, is that it is a little overextended on the daily TF. This is a minor issue when benchmarking it against DELL which ran X multiples from where it started; so while i think a pull back to anchored VWAP is likely i also think the run will continue surpassing current levels
> PT:
– the ATH of $320 is easy picking at the point, maybe
– $365 and $400 are also appearing on the chart, perhaps those will be reached by the end of the year
– but as I said with my take on MSFT, no need for price anchoring especially with blue skies ahead, so just ride the trend while managing your risk
> Fundamental Wise:
– the entire sector run is obviously associated with US GOV taking up interest in the underlying companies after the company announced a $10 billion commitment to quantum computing with CHIPS Act backing
– but there’s more to the picture with its consulting arm getting attention with connections to DELL and other names.
> Authors Notes
My approach to technical analysis is built on Fibonacci retracements, pivot zones, price action, smart money concepts, and classic chart patterns. I also use supporting tools and indicators—such as oscillators and moving averages—to refine my view. The chart itself reflects a simplified version of my process, as I prefer to keep visuals clean while incorporating additional analysis behind the scenes.