IBM trading idea

For the first quarter, IBM posted a profit of $ 1.40 (+ 24.4%) on revenue of $ 14.2B. The number of sales was good enough for 7.7% annual growth compared to last year’s result.

Software (includes hybrid platform and solutions, transaction processing) with revenue of $ 5.772 billion, an increase of 12.3%

Hybrid platform sales up 7%
Automation + 3%
Data and AI + 2%
Security + 5%
Sales of transaction processing increased by 26%
Revenue from hybrid cloud software segment + 22%

According to Krishna: “The demand for hybrid cloud and AI led to growth in both software and consulting in the first quarter. Today we are a more focused business and our results reflect the implementation of our strategy. We are seeing a solid start to the year and are now seeing revenue growth for 2022. “

Printed 9 on TD Seq to reflect trend reversal. Breaking the diagonal, retest in the area of 132.6 would mean a successful break and continue in an upward direction. DeM on bullish levels.

In the big picture we have a completed cycle of TD Seq to indicate the end of the correction, but we have a bar with a higher peak with a printed 1 for the beginning of a new bullish trend.

The outlook is for revenue growth for the rest of the year

The alternative scenario is a fake out and return to the downlink with a strong support zone ~ $ 125.