Annual forecast for IBM (2021)

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IBM shares (NYSE:IBM) are not an attractive market at all, as price is currently going downwards. Since bulls have long been overpowered here, a serious downtrend is about to resume.

4 EMAs are used for this analysis and they are EMAs 10, 20, 50 and 200. The color that stands for each EMA is shown at the top left part of the chart. All the EMAs are now beginning to slope downwards. Price is under them.

The outlook on IBM is dismal this year, and price is expected to reach the demand zones at 110.00, 100.00 and 90.00. Then, the 4 EMAs would be trending seriously downwards by then. Buyers have no chance in this market, but sellers will smile this year.

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