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IBMB34 trade ideas

IBM More Downside?This is a short-term possibly bearish post within a longer term bullish play. Last week IBM closed out with a big 4.5% drop in one day after news of the CEO resigning. But was this the cause or was something larger perhaps in the chart in play here? Well when we zoom out on the monthly chart, we see back in April this year IBM broke aggressively bullish out of the downward sloping green trendline and went straight to the 0.5 fib level around $153. What was missing on this move however, was a confirming retest of the green trendline. It appears the bulls were front runners of the price, and now the retest of the green broken trendline is still well in play. There is lots of bullish confluence where the price currently sits, however. So it will be interesting to see how IBM's price will behave both this week as well as the remainder of this new month. Right now is a decent area to nibble on a long but be on the lookout for a retest of the green trendline and keep stop losses tight as this has been a roller coaster of an asset.
NYSE:IBM
by TradeVibez
IBM bearish scenario:We have a technical figure Descending Triangle in US company International Business Machines Corporation (IBM) at daily chart. IBM is an American multinational technology company. IBM produces and sells computer hardware, middleware, and software, and provides hosting and consulting services in areas ranging from mainframe computers to nanotechnology. The Descending Triangle has broken through the support line on 03/07/2021, if the price holds below this level we can have a possible bearish price movement with a forecast for the next 9 days towards 136.99 USD. Our stop loss order should be placed at 147.50 USD if we decide to enter this position.
NYSE:IBMShort
by legacyFXofficial
1
IBM case study: Breakouts after 2500 days correctionToday, I observed the IBM chart, and I noticed this huge descending channel on the daily chart since 2013, and I saw that the price was breaking it. So, I decided to go to a higher timeframe to look for similar scenarios in the past, and yes!!!!!, having data since 1985 allowed us to see how this type of situation evolved in the past. Here are my conclusions First Conclusion: Consolidations last between 2500 and 3000 days. That's a lot... Second Conclusion : After we have a clear breakout (always using the most external trendlines of the consolidation), the price makes small corrective movements on the edge of the structure with a duration between 150 - 300 days. The key aspect here is that we can see an ABC pattern all the time. Third Conclusion: Based on the two scenarios we have, we can see that in the second one, we had a failed setup on the first consolidation. However, the second one worked pretty well. "Be open to failed setups, and trade again if the 150 - 300 days corrections come again. Fourth Conclusion: The bullish movements that come after these consolidations (the ones after the breakout) goes between 90% to 500% So what is the idea with this? The idea is that we can create a scenario where we know what we are waiting for before trading. In this case, we want to see a breakout of this 3000 days consolidation followed by a small correction around 150 - 300 days. If that happens, we will trade the breakout of it, and we will aim to have an open setup for 1 to 2 years. We think that the risk-reward ratio we can have on these types of setups is above 7 to 1. Using 2% of the capital on a setup like this can provide a 14% return over a year or two (ONLY risking 2% of your capital). The post's main objective is to show that you can create trading maps on any asset with the correct amount of past data, study previous scenarios and get ready for a current situation. Thanks for reading!
NYSE:IBMEducation
by ThinkingAntsOk
3
IMB SWING Important note: ⚠️ All trades have risks that the investor must consider before investing. VivirdelTrading.club makes a disclaimer of any operation that may generate losses. All information transmitted by the channel, the page and the alert system is shared in good faith. There is no guarantee of 100% of the executed operations, as these are based on statistical models and assumptions regarding the past behavior of the price of a share, but they do not guarantee the same future behavior.
NYSE:IBMLong
by Vivir_Del_Trading
2
IBM breaking 8 year downtrendIBM is beginning to break out on the weekly chart from a trend line that was acting as strong resistance for over 8 years. Recently the company has unveiled the world's first 2nm chip and announced previously that it will begin focusing on Cloud and AI which will serve the company well as those are two large secular growth stories. Go Long IBM. Trades at 9.79 EV/EBITDA ratio, well run company financially with a long growth path ahead of it. I expect IBM and INTC to be some of the main beneficiaries of the bill that just passed in the senate today that okayed $54 billion dollars for the Semiconductor Industry to focus production on American soil and improve research efforts. INTC and IBM have long been the American blue-chip players in the space and are currently collaborating in advanced semiconductor research. This is a timely partnership as INTC is building two new fabs in Arizona and IBM just released its 2nm chip but does not manufacture its own chips (ahem ahem INTC). Long-term Price Target: $250 Daily Chart w/ Golden Cross:
NYSE:IBMLong
by EBITDAtiger
5
New heights await IBM.On May 26, the price broke through the resistance level of $ 141 and went up to $ 148, from where it rebounded later. Now the price is testing the $ 148 resistance level again. If it breaks through and consolidates there, then there is a growth potential of $ 155 or may rebound to $ 141. It cannot be ruled out that the price may move sideways for a while, until it breaks through the resistance or support level. If you like the idea, subscribe and like it. Good luck and big profits.
NYSE:IBM
by NaikoN81
New heights await IBM.On May 26, the price broke through the resistance level of $ 141 and went up to $ 148, from where it rebounded later. Now the price is testing the $ 148 resistance level again. If it breaks through and consolidates there, then there is a growth potential of $ 155 or may rebound to $ 141. It cannot be ruled out that the price may move sideways for a while, until it breaks through the resistance or support level. If you like the idea, subscribe and like it. Good luck and big profits.
NYSE:IBM
by NaikoN81