4IBM trade ideas
IBM 1D Potential Inverse Head & Shoulders setupIt appears that an Inverse Head & Shoulders Pattern may complete on the IBM 1 Day chart. If we pivot off a forming right shoulder pivot in the price range of $131-132.
NYSE:IBM
Spectro O is showing volume still moving in an upward direction, as well as the Spectro Ultimate Trend Analyzer shewing a solid beginning of an uptrend.
The price range according to Spectro O is showing price sitting just below the median of the Murrey Scale, which is typically an area of the scale where a weak a small pullback/correction occurs before the price continues up the price scale.
If playing from the right shoulder, employ a tight stop just below the shoulder point. The same can be said if you are waiting for a neckline confirmation to enter... stop just below the neckline, which is around $136.29.
Analysis by AlchemistLA
IBM Earnings Pattern Repeat?So I flipped the puts I bought yesterday for a nice 170% gain, got out because I went with weeklys. I think this has more room to drop on what appears to be a bear flag. Look at the pattern from last April, expecting something similar down to $134 support.
Remember when in doubt, short garbage, it's easier than finding a top. The market is bouncing up and IBM isn't.
IBMWhen in doubt, short garbage. In any other market this would have filled the gap below but the computerz are busy pumping futures. Don't see that happening tonight.
IBM (IBM)(NASDAQ) Sell Stop $139.78 >>> $138.26NASDAQ:IBM
International Bus Mach Corp
Stock - NASDAQ (USA)
Day Trading!
Profit:Risk = 1:1
---
Sell stop = $139.78
Take Profit = $138.26
Stop Loss = $141.31
------
Take Profit = +1.09%
Stop Loss = -1.09%
$IBM, HARD TO SHAKE OF STIGMA OF OLD TECH.IBM report earnings on the 16th of April, this could be a critical report for them as historically earnings reports have been negative for the stock with the exception of last quarter. we do not have the conviction to long this stock into earnings. Wait and see is our approach, plenty of upside or downside remain.
IBM Reaching the long term bearish trendline, there might be a possibility for a pullback here for IBM.
IBM: Completing a bottom with rising volume ahead of earrningsIBM is completing an intermediate-term bottom with a breakout from a consolidation, rising above the bottom resistance level and prior sideways action before the downtrend last summer. The stock has rising volume which is a positive sign for this run ahead of the earnings report in 2 weeks.
IBM SHORTIn 2018 october the IBM has been broken down the 2009 trend line. Now testing again this line. The next month it moving down to 105$
IBM Rising Wedge Short We see some good jumps on the chart, is it possible that it is time for a pullback by this rising wedge?
The wedge is closing in so the answer is near, just like the USDCHF trade I'm not trading it yet.
Would like some feedback, or a like!
Thanks for reading
AI Vision IBM Strong Buy on Jeffrey Gundlach Bearish OutlookJeffrey Gundlach announced a bear market in December the 15th, 2018 after the crash! Time to buy stocks!
Momentum Surge - IBMIBM is showing good consolidation and may be setting up for a breakout. Keep in mind IBM can be a slow mover so it may not break out fast. Tight stops are required as always based on my strategy.
1. Not up 3 days in a row
2. Linear previous momentum leg
3. Stock is in early phases of an uptrend i.e. not extended
4. Has not had a significant breakout or breakdown during the consolidation phase
5. Consolidation is nice and clean with narrow range days, lower volume , and can even be pointing down.
Buy = $134.86
Stop = $133.29
Shares = 40
Momentum Surge Potential - IBMIBM is showing good consolidation and may be setting up for a breakout. Larger slower moving stocks like IBM can be tricky to trade during consolidation so stops are important.
1. Not up 3 days in a row
2. Linear previous momentum leg (but there is a risk of gap fill to the downside)
3. Stock is in early phases of an uptrend i.e. not extended
4. Has not had a significant breakout or breakdown during the consolidation phase
5. Consolidation is nice and clean with narrow range days, lower volume , and can even be pointing down.
Buy = $134.86
Stop = $133.29
Shares = 40
IBM Gap Fill?Let's see if we get a gap fill like the last earnings "surprise". Numbers weren't that great, and they paid $34B for RHAT.
Should take about 2 weeks to close the gap, the biggest move should be tomorrow, I might just flip the puts then depending on market conditions.
IBM BuLLs EyeIBM Stock will jump 6% opening of the US american session as reaction movement of the last quarter earning report for 2018.
