Watch These IBM Price Levels as Stock Soars After AI Drives Strong Earnings | Global News Avenue

International Business Machine (IBM) Stocks announced on Thursday that the giant announced the fourth -quarter revenue than expected, which was increased by its AI business.

The company said that the business books it generated increased by nearly 2 billion US dollars compared with the previous quarter, and added that global customers are turning Big blue In order to enhance its enterprise by using AI. IBM’s software segment market income It has increased by 10.4 % in the same period last year to record the largest growth in the past five years, which will help offset the softness of its consultation and infrastructure business.

It reached a record of $ 262 this morning, and IBM’s stock price rose 12 %, $ 256 in the afternoon. Over the past year, the stock has risen by 36 %, which exceeds the performance of the S & P 500 index during this period.

Below, we decompose technology On the IBM chart, and determine the key price level that investors may pay attention to.

Raising triangle breakthrough

IBM stock Rising triangle Since the beginning of October last year, the price has recently received the support of the company’s quarterly report from the lower trend line of this model.

With the acceleration of the upsurge in the rise, the stage is determined to be Breaking the gap On the top trend line of triangle.

Let us apply Technical analysis Predicate two potential upward space Price goal Watch and determine the key Support level It is worth monitoring during the answer.

Watch the price target

Measurement principles goals

this Measurement principle Working by analyzing the ascending triangle on IBM charts to projection goals.

In order to apply this technology, we calculate the depth of the widest point near the point and add it to the top trend line of the triangle. For example, we have added $ 40 to 238, and the target is expected to be $ 278.

Bar diagram target

How to predict long -term upgrade In stock, investors can use bar diagrams to analyze. This technology can study the previous trends on the chart to predict future targeted price changes.

When applying the tool to IBM chart, we moved the trend of stocks from June to October last year and re -positioned from the low point of this month. This analysis predicts that the goal of rising is about $ 305, and it also shows that the trend can last until May Price action Mimic the duration of early trends.

We chose this strip mode because it started with the lower trend line of the previous rising triangle, similar to the starting method of the current movement.

Key support level to monitor

period Call backInvestors should monitor how the stock price responds to the level of $ 238. The area on the chart may cause interest on the top -level trend line of the rising triangle, and this trend may be Resist Enter the area supported in the future.

Regarding the comments expressed in InvestOpeDia, viewpoints and analysis are only used for information purposes. Reading us Warranty and responsibility exemption statement More information.

As of the writing of this article, the author does not have any of the above securities.