IBMCL trade ideas
The most boring stock in the market!IBM is boring and is a true example of a trendless stock! but it is predictable and you could benefit from its predictability.
IBM oscillates in a 15% range channel and its tops follow a sine wave pattern!
Inverse Head and ShouldersPossible stop below 124.80.
Inverse head and shoulders pattern does well in a bull market. I am beginning to wonder what type of market we are in as it feels a bit shaky at times. (o:
There are no rising wedges in the yearly chart which is a good thing.
Seems the market is gravitating towards securities on the value side of things and IBM has a good dividend.
Also appears to be forming a cup.
Not a recommendation.
IBM - GET READY FOR BULLISH REVERSAL TRENDBased on IBM chart, the stock should have done its wave WXY correction.
Prices in wave Y phase are consolidated within the expanding diagonal (A)(B)(C)(D)(E) pattern though there is spike of price earlier with false breakout. But prices are later further corrected to about 61.8% FIBO level.
Further breakout from the diagonal pattern will trigger buy signal and likely further confirms of reversal uptrend movement.
Happy trading!
IBM Channel ActionI've been following IBM chart closely and like the trend here for put and call entries at the upper and lower consolidation region lines. Calling top here around the 124.5 region. Purchased $120 Puts APR 16 for move back down to $118 region. Looking to exit trade MAR9 at best available premium.
$IBM Falling WedgeHeld strong through the past two weeks of correction. Still has only reclaimed half of the losses from the Covid drop last March so plenty of room to climb. IVs are super low and it looks to be reclaiming the 21 EMA this week.
small accumulation squeeze for IBM.IBM might shoot up in the next couple of days. But knowing the nature of this stock it will be only short lived. hope i am wrong but my target is possibly 128-132.
IBM Fill GapIBM gapped down due to earnings expectation.
Looks like it formed a double bottom pattern - found support at previous resistance
Enter at break of resistance at 124
Set stop loss at previous high of day (123.5)
1st Target - 126.5
IBM Going down down down 📉📉📉🔻🔻🔻😓The weekly chart says it all.
- Failing trend line resistance multiple times over the last few years
- Failing to fill upside gaps
- Very poor recent earnings as cloud-based SaaS businesses continue to eat IBM's lunch via Amazon, Datadog, Snowflake et al.
My take is that this is going sub 100 before going higher. We are currently short IBM from slightly higher prices but still view the risk-reward as attractive.
IBM long-term price action analysis There is a large liquidity pool that is attracting the price to it
we can expect great movements in the upcoming months.
IBM long entry LEVELSIBM stock has a side trend. If you are not IN, just wait for some movement. I think we can go lower.
ENTRY LEVELS LONG:
$118
$114
$107 STRONG BUY
IBM Long📈 NYSE:IBM Long D1
🛒Buy above = 125
🎯Target1 = 129.76
🎯Target2 = 132.70
🛑Stop loss or cancel trade = 117.30
IBM LONG BIAS IBM looks really strong to buy after testing HTF Demand. D1 demand already played out now we can use all fresh levels on H4 H1.
Goof luck
Three bullish setups of IBM on 2H(more confidence in the weekly)My trade idea is based on weekly chart. It's confluence trading with weekly demand zone & Fibs & Flip. If you don't mind the USD4 to USD5 stop loss. You can choose to enter or use call options. I'm confident on the weekly zone.
I drew three possible entry zones on 2H chart for your reference.
