I highly suspect that once the IBM has kicked off the spin off IBM GTS to Kyndryl, the SP will confirm the reversal. I feel that Jim Whitehurst has an impact to IBM's future direction by bringing his open source mantra in the executive level, which what made Red Hat very successful.
From a technical perspective, MACD and ADX/DI+ are already showing some very early indications of reversal. So, if the price drops to the support line then I believe its an extremely good buy.
From a technical perspective, MACD and ADX/DI+ are already showing some very early indications of reversal. So, if the price drops to the support line then I believe its an extremely good buy.