IBM – International Business Machines

This is a 10 year monthly candlestick chart for IBM that looks like a pretty bullish setup is developing for it over the next year. 1 year from now its share price could be looking at a 50% gain by reaching the $225 price area. Its latest earnings report broke its streak of declining revenue. Is that enough for investors to start taking the share price higher? I would use any pullbacks towards the $156 area as an opportunity to make a scale-in purchase of shares.