International Business Machines $IBM is currently exhibiting a Squeeze Score of 92.1.
Here’s what the chart looks like:
IBM is building out a tight multi-month base right against a key polarity level. Volatility on the Strazza Indicator has compressed aggressively, signaling energy has been stored for the next major move.
Price is now pressing against the all-time high AVWAP. A breakout from here could ignite a sharp expansion higher.
With software stocks already doing meaningful work in their bottoming process, we’re paying attention to adjacent groups like Information Technology Services for a potential catch-up.
