IBM trade ideas
IBM D3 - Bearish Quasimodo Pattern on D3“Discipline is only difficult when you look at it as something unenjoyable. When you re-frame cutting losses and celebrate avoiding a large loss and freeing up capital for a better trade, suddenly having discipline becomes second nature and being undisciplined becomes painful.” ~Mark Minervini~
Short IBMbear flag. under 50d. popped flag high and 50d and rejected.
Related news: MSFT cloud weakness. IBM cloud could be impacted. So bought on IBM up and MSFT/GOOG/AMZN down big
RS also starts to lag
IBM going on a MOON MISSIONIBM looks really good for the long term.
Against everyones expectations the stock market is going to boom.
Rushing ThroughNow we managed to fall below the classical pivot. Usually it would look like if we have sufficiently corrected the October-mid December rise. But as here is not only the pivot but a twice confirmed former resistance point it is as much important that we may even see a much deeper corrective decline to the direction of the 78 % Fibonacci level as a magnet. Whether it will really fall as deep is not clear of course. There are some obstacles to overcome on this way and everything will depend of the development of the momentum in the weeks ahead.
PivotWe are stopping the fall at a triple support: the April and August high, the Pivot(floor traders' calculation) and the 38 % retracement of the rise since 13th October. In my opinion this is good for an upward correction ahead of the year end, the more that the IBM share may be considered as a must have for window dressers due to the impressive rise this year.
Rising WedgeBearish W that terminated near the 1.618.
Price has hit target 1 of the down targets and is below the bottom trendline of the rising wedge.
Price broke upward from this wedge.
No recommendation.
We have had a few down market days in a row. Perhaps recession fears are hitting folks, but how quickly this market forgets. The market will be reminded once again. There will be possible chop and rallies up when we least expect it. Be safe.
Short with a possible pause or even a bounce at each target down.
Education: Topping Tail And Resulting Drop On $IBM + Buy LevelThis is a fantastic example of a topping tail on the IBM chart. Note the topping tail is 1. at the highs of recent history, 2. The tail (wick) is 50% or greater of the entire candle length, 3. The body is 50% or less of the entire candle length and 4. the close is in the bottom 25% of the candle.
Note the 50% retrace the next day giving a great short entry and then the massive drop today. Target is the scene of the crime as noted on the chart. This becomes the buy level for a bounce.
Note: This is not financial advice, speak to your financial planner.
IBM ... Small bumps ahead ?Since mid-October IBM has produced a nearly 35% gain
This would appear to have traced out a bullish impulse wave (1-2-3-4-5)
It has also created a possible Wolfe Wave top with a short term downside target of $143-$144.
Additionally one could envision two harmonic patterns in development.
In the shorter term which a Gartley pattern supports the WW thesis.
The longer term a Bat pattern supports the 1/3 retracement scenario of the October move.
With an eye on the Fed's actions next week and broader equity markets I would be looking to sell IBM price strength with a tight stop should be breach recent highs.
I will follow up if I feel a short position is warranted.
As usual this is not investment advice, so do your own due diligence.
S.
IBM | Bullish trend | 4 Hr | 02\12\22
IBM is in bullish trend.
It is supposed to be in the bullish trend for the coming as Inverted Hammer is seen at HL2.
it is not a financial advice.
IBM investment ideaI hold IBM in my long term portfolio. It is great company and pays good dividends. I'm planning to hold it for years to come. Just added after the last drop. It delivered good earning results last week. Great moment to buy or add. This is not a trade, a long term investment.
$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.
Scanner on a another windowscould be handy when scanning for stock etc. to put the scanner window on my other monitor
IBM SELL ++++IBM is overbought and overdone. Can go to $152.57 If already short I would ADD at $150, $152, $154 etc. New moon phases begins and I would expect a correction to $144 then $140 in coming days. For options Jan 20, 2023 $140 puts look best
Rising WedgeThis is an example of a steep rising wedge.
Both trendlines slope up and contract at the apex.
This pattern is not valid until the bottom trendline is broken which is not gonna be too difficult considering the steep slope of this wedge pattern.
No recommendation.
Example of a Falling wedge which is Bullish and the trendlines narrow or contract to the apex, followed by a very steep rising wedge. A falling wedge is not valid until the top trendline is broken.
If price turns down here this would be a Bearish Nen Star that terminates at the 1.272. The Nen Star have valley 2 lower than valley 1 in the bearish version. Bearish harmonic patterns are only called bearish because they reverse down at the end of the 4th leg but can be very profitable as a long one were to get in at a good entry level on the 4th leg.
With the market as strange as it has been, price could go even further though.
If you do not know what to do, sometimes it is better to do nothing (bear market rallies can be a feeding frenzy, the big guys get full and move on so knowing when a move up is overextended can be very, very important.
This is also a W pattern that I am not delving in to in this post.
Good luck!
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.
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IBM 4HR ANTI BAT HARMONIC SHORTVery familiar stock Vol at about 7M pattern looks fairly clean could get in at entry, only paper trading this one myself.
IBM Is Approaching A Decent Short ZoneReward/Risk on this one is 3.28 with stop loss, first PT, as pictured and entries averaged across the zone.
$IBM with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $IBM after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 88.89%.
ID: 2022-04010.18.2022
inception price action
earnings trade: AMC 10.19.2022
manage on 10.20.2022 after reporting
Rectangle has Broken to the Downside//Channel DownIBM appears to be in a smaller channel that is narrowing which is known as a Falling Wedge.
Price is below the bottom trendline of the Rectangle so that trendline is now resistance.
Channel down noted.
Price is just above the 50% retracement of the trend up.
EARNINGS 10-19 AMC.
No recommendation
