IBM show a small level double topIBM show a small level double top
This figure shows the weekly candle chart of IBM's stock from the end of 2019 to the present. The graph overlays the bottom to top golden section at the beginning of 2020. As shown in the figure, IBM's stock tested the 2.000 position of the bottom up golden section twice in December 2022 and this month, completing the small level double top form! So for a period of time in the future, use the bottom of the graph to match the 1.618 position of the golden section as the watershed to judge the strength of IBM's stock!
IBM
IBM testing resistanceInternational Business Machines (IBM) testing long-term channel resistance, able to absorb monthly buying pressures.
From here, (IBM) can fall lower to channel support, eliciting losses of 5-10% over the following 1-2 months.
A settlement below this channel support would lead to significant losses through 2024.
Inversely, a weekly settlement above channel resistance would push (IBM) to our next notable level of resistance.
IBM Options Ahead of EarningsIf you haven`t sold IBM here:
Then analyzing the options chain of IBM International Business Machines Corporation prior to the earnings report this week,
I would consider purchasing the 135usd strike price Puts with
an expiration date of 10/20/2023,
for a premium of approximately $4.90.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
IBM: Processing… 💻IBM is still processing wave b in red – the second step of a three part downwards movement, which should soon lead to the low of wave B in turquoise. As soon as wave B in turquoise is complete, the share should turn upwards to climb above the resistance at $139.47. There, IBM should conclude wave 2 in green before a significant downwards movement should take hold. However, there is a 35% chance that IBM could rise above $139.47 directly to develop a new top of wave alt.A in turquoise first before turning downwards again.
Harnessing the AI Revolution: A Powerful Surge with NVIDIA, GoogThe future is now, and it's coded in the language of Artificial Intelligence. As investors, we have a unique opportunity to be part of this game-changing journey. My personal story began with NVIDIA, an industry leader in AI and graphics processing. Acquiring NVIDIA shares two months ago was akin to boarding a spacecraft destined for new frontiers. The ride has been exceptional, with returns exceeding my expectations.
But, the vast landscape of AI is not limited to one planet. There's a whole universe to explore, and I decided to broaden my horizons. Hence, I ventured further, incorporating three other stellar entities into my portfolio - Google, Microsoft, and IBM. These industry titans are carving their paths, harnessing AI to innovate, and influencing global trends.
My portfolio is not just an investment; it's a belief in a future shaped by AI, a testament to a revolution unfolding right before our eyes. Join me in this journey, as I share my insights, strategies, and perspectives on navigating these high-tech tides. Together, we can capitalize on the industry that is relentlessly and rapidly shaping our tomorrow. Remember, the revolution might be digitized, but the rewards are very real.
Continuation of the trend for IBMIBM is setting up for a continuation of the overall annual trend of the 3 month chart where it looks like IBM will hit close to $200 in the months and years ahead
We have Bullish Divergence, market exhaustion on the annual time frame along with over sold indicators indicating bulls returning to the market.
IBM trend Continuation IBM correcting from the downside and has begun to continue it's annual bullish trend.
Bullish Divergence on the 3Month chart indicating a huge bullish movement above $200 in the coming months ahead.
Oversold and market exhaustion on the downside showing bears are loosing momentum and bulls are entering the market
IBM Options Ahead of EarningsAnalyzing the options chain of IBM International Business Machines Corporation prior to the earnings report this week, I would consider purchasing
Puts with a 120usd strike price and an expiration date of 2024-1-19, for a premium of approximately $6.70.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
I am interested to hear your thoughts on this strategy.
IBM - Longer Term Short TradeThis stock was brought to my attention by one of my followers requesting my opinion.
WEEKLY Linear chart...
This looks juicy ..... I believe this is poised for a substantial drop. Capable of producing a return over 50%.
Longer term put option or a LEAP may be in order here.
I believe we have just completed the "B" wave on a long term Elliot Wave sequence. The target price will bring us back to the wave 4 termination in the mid $60 range.
A price move over the descending white channel line into the $160 range should be used as a stop. Good risk-reward at this point!
NASDAQ BLOCKCHAIN ECONOMY INDEX🧾 Intro
The Nasdaq Blockchain Economy Index is designed to measure the returns of companies that are committing material resources to developing, researching, supporting, innovating or utilizing blockchain technology for their proprietary use or for use by others.
The Index began on December 1, 2017 at a base value of 1,000.00.
TOP 10 HOLDINGS and Index Weight
• As of June 30, 2021:
1. COINBASE GLOBAL (COIN): 2.26
2. IBM (IBM): 1.87
3. ACCENTURE (ACN): 1.82
4. SILVERGATE CAPITAL (SI): 1.81
5. FUJITSU (6702): 1.80
6. OVERSTOCK.COM (OSTK): 1.79
7. MICROSTRATEGY (MSTR): 1.78
8. BAIDU (BIDU): 1.78
9. JD.COM (JD): 1.76
10. SQUARE (SQ): 1.73
---------------------
Total = 18.41
Source: indexes.nasdaqomx.com
📈 Graphic Analysis
I believe this week we will see the breakout of that orange diagonal line, peaking up to the 0.5 retracement at $1443.60.
$IBM Golden Cross RejectionThere's no reason for a golden cross here. See the spinning top candle on the 1D chart at the top of the chart indicating a top.
You can bet that people have been betting against IBM for the whole time it's been mooning. The top is finally in, both in this stock and SPY/Macro in general. The only reason this has pumped was due to post-dividend distribution market mechanics in my opinion.
With dividend distributions completed + Net Capital times passed, it's time for this stock to dump along with the market.
IBM - Harmonics (theory)The first thing to look for when identifying the Bat pattern is the impulsive leg or the XA leg. We’re looking for a strong move up or down depending if we either have a bullish or a bearish Bat structure.
The next thing that needs to be satisfied for a valid Bat pattern structure is a minimum 0.382 Fibonacci retracement of the XA leg and it can go as deep as 0.50 Fibonacci retracement of the XA leg, but it can’t break below the 0.618. This will create the B leg of our Bat pattern.
How to trade the bat pattern
The next thing we’re going to look for is a retracement of the AB leg up to at least 0.382 Fibonacci ratios, but it can’t go above 0.886, and this will create our third point C of the harmonic Bat pattern strategy.
The last thing we want to establish is the D point and in order to get to the D point, all we do is to find the 0.886 Fibonacci ratios of the impulsive XA leg, which will result in a deep CD leg and finally it will complete the whole Bat pattern structure.
In the current scenario, I presented also a surprising correlation between the time cycles, where the X and A leg time frame could indicate potential CD range. As described above - if this scenario turns true and price action will indeed form a bullish harmonic bat here, the initial retracement could potentially reach levels of the previous low of this cycle (X).
This is just a tutorial and an idea for a potential Long, at the bottom of the formation and end of the current time cycle - nevertheless, I mark this idea as Neutral and place IBM in my 'watched' list.
Selling IBM trend of lower highs.IBM - 30d expiry - We look to Sell at 134.98 (stop at 139.41)
The medium term bias is neutral.
Trading has been mixed and volatile.
Expect trading to remain mixed and volatile.
The trend of lower highs is located at 136.
Preferred trade is to sell into rallies.
Short term momentum is bullish.
Early optimism is likely to lead to gains although extended attempts higher are expected to fail.
Our profit targets will be 124.44 and 120.44
Resistance: 131.00 / 136.50 / 139.34
Support: 127.00 / 124.00 / 120.00
Disclaimer – Saxo Bank Group.
Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis , as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
International Business Machines (IBM) Analyze!!!💻International Business Machines Corporation is an American multinational technology corporation headquartered in Armonk, New York, with operations in over 171 countries.
IBM was able to make a Head and Shoulders Pattern near the resistance line and resistance zone.
IBM broke the neckline & support line at the same time, and I expect that IBM will go down at least to the support zone and Head and Shoulders Pattern's Target.
International Business Machines(IBM) Analyze (IBMUSD), Daily Timeframe⏰ (Heikin Ashi).
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
IBM in BMV about to start bearish trendI just checked in a long timestamp and found that bullish channel has been broken, also right now I saw wave B is ongoing which makes confluence with H-C-H pattern and bearish Edge pattern too. We can see squeeze momentum is also ready for this bearish trend and CRSI is pointing too.
Flag and pole on IBMHeya fellow traders,
Back with my signature Flag and pole on a weekly chart with IBM. clear flag and pole formed from 2020 drop till today including the current bear market.
Oscillators shouting a BUY.
So, what are you waiting for. Small stop loss below the latest candle with a 70% return.
Thank me later !