IBM trade ideas
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.
IBM TO FILL THE GAP WITH 10% PROFIT POTENTIALIBM is showing a nice LONG potential this week respecting the support area identified in red at $118 holding the price as expected and filling the GAP.
At the open a LONG POSITION is possible with a potential of a +10% RETURN at $131
Happy trading
Watching this ticker todaylets make some money from IBM today.
hopefully we get a good confirmation on the 15m.
$IBM with a slight bearish outlook following its earning releaseThe PEAD projected a slight bearish outlook for $IBM following a negative under reaction after its earning release placing the stock in Drift D
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$IBM$IBM Technicals on this stock is looking juicy to me. I dont really like the fundamentals but chartwise it looks good to me. Something is up.😉There will be some upward movement 4sure.
make sure you do your DD.
Trad safe
IBM - PullbackGood opportunity for long term. This also is an indication for what's to come this week after companies earnings.
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