I have posted about IBM a number of times. Most recently in early Feb. when I pointed out the nine year downtrend line and called for it to break it. That was premature as the market and IBM sold off. Most of my strong buy recommendations were back in Oct. 2020 at lower prices so not only ahead but earning what was almost a 6% yield from those levels for over a year and a half since. The earnings come out after today’s close and the dividend will be raised again within a few weeks. On Thursday, Morgan Stanley raised their outlook and price target suggesting with it’s over 5% yield and stable to positive outlook, IBM is a good place to be in a down market and possible recession. Something I have stated in some of my IBM posts. You want to get in today before the earnings if you are interested. Any positive comments from the company could trigger the breakout above the 9 year downtrend line and a decent run is likely as other brokerages and institutions look for a good place to park money for the next year or so. If you look at a ten year chart you see that from it’s ATH in 2013 IBM made lower lows and lower highs up until the March 2020 bottom. Since that time higher lows have been made on every pullback since. What hasn’t happened yet is that the highs have been lower as well. This has created a tightening pattern that also lines up with the 9 year downtrend line. I believe a break to the upside begins TOMORROW!