AMD approaching to Historical Key Level.Soon we can watch a reaction of the price on a Historical Level 42.70.
Potentially it can bounce down to 34.26.
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IBM
IBM Triangle Pattern and Potential Trade OpportunitiesFundamentals
Price: $134.40
Dividend Yield: 4.8%
Current Dividend Annualized: $6.48
Normalized Diluted Earnings Per Share (TTM): $8.32
Earnings Report: 10/17/19
Next Earnings Report: 1/22/20
Potential Bearish Triangle Breakout and Bullish Butterfly
Have a nice weekend
IBM Super-BearishConfirming IBM super-bearish into Spring 2020. Expect high volume sell-off pre and post earnings release. Pre earnings drop possible around mid to low 130's, may go as low as sub 120's on earnings or up to 1-2 weeks post earnings, as low as 110's by end of the year. Fantastic short potential on super-weak technicals.
IBM - Intrigued by Big BlueIBM recently gapped down after an earnings release. That gap down blew passed a previously existing gap from September 5th, leaving it open. Despite the earnings hit the stock did not fall below the previously existing support line dating back to June. If the stock starts finding some buyers it may be possible that the stock gaps back up creating an Island Reversal pattern. The $136.25 area will become important. Does it act as resistance, or will the price push right through? Chart is offering a nice reward-risk for bulls.
IBM is in rectangle / EW count / 29.09.2019According to my wave analysis; we are in b wave after a double combination which finished with a triangle. According to rule, b wave can ever never finish above the correction starting point(look irreversible line).
As a chart pattern looks you can see the rectangle pattern; if this pattern works, price will rise to 149.79. Wait for candle closing above rectangle before you buy.
IBM RUMBO A LOS 200 USD Despues de haber rebotado en la linea de tendencia principal, se ha formado un triangulo ascendente, no son muy valido ya que estamos tocando la linea de tendencia, pero alguna posibilidad hay, por otro lado los indicadores estan a nuestro favor, si el adx empieza con pendiente positiva, seguro nos vamos a los 200,
Ahora en fundamentales para mi ahora sera la mejor compania desarrollando ideas sobre la cadena de bloques, La empresa tiene a sus desarrolladores trabajando en el tema, ademas de ya patentizar varias funciones sobre la cadena. Viendo hacia el futuro como siempre IBM renacera como la mejor compania en su ramo.
Por cierto IBM es para largo largo plazo.
LONG CLDR TO 12.00Bottomed at $5.00 and is now in price discovery mode. First target is 12.00. Good volume. More news to come.
IBMs Stellar rises over falling-wedge, first time in 9 monthsStellar, a digital asset classed and international transaction-system is managed by International Business Machines Corporation (IBM) and performed badly against the Bitcoin. But for the first time in three consecutive quarters Stellar has risen out of the falling-wedge in which is was falling for longer times. It is to early to call this the bottom, but the movement out of the falling-wedge suggests time's are changing for IBM's first cryptocurrency.
IBM due for a pullbackFundamental data
IBM reported earnings and reaffirmed guidance. It was up over 5% on the news.
Trade-war:
"The U.S. Trade Representative said Tuesday 10% tariffs on about $300 billion in Chinese imports will go forward, but tariffs on some goods will be delayed until Dec. 15. Those items include cellphones, laptop computers , video game consoles, some toys, computer monitors, shoes and clothing."
The cellphones could be the reason for AAPL rallying today.
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There is a good risk reward ratio (check out chart).
IBM Call SpreadI'm buying an IBM call Spread 150/160 Cost $3.01 max gain $6.99
Expiring September 20th.
This looks like a good play, however if the market goes for a downturn this may push through it.
I think AAPL earnings will be a reflection of the tariff against China we'll have to wait and see.
Broke out of cup and handle, also OBV is rising and RSI is overbought however its printing a false signal I'll ignore it, it may trend sideways as it builds for a move higher.
Downsides are it could be weighed down by poor earnings season. That could be the only way to lose this trade unless this moves sideways.
Otherwise Risk/Reward = Green 7/10