Trader's Tips, Part 2: IBM And The Bearish AB=CDAs I wrote about in the previous chart for-AAPL, pay attention to the "W" pattern, As well as the bearish AB=CD pattern (above). Above, the indicators turned negative for-IBM after point D of the AB=CD, and-IBM sold off. Then, IBM-halted at a double top, and sold off again. Take the time to look at how many DOW-30-stocks have negative formations. This will give you an inside track as to the direction of the overall market. Today's Nugget: “The four most dangerous words in investing are “This time it’s different” . John Templeton May all of your trades go well. Don. Shortby 649bruno0
IBM Pullback?In my humble opinion there was a sort of overreaction triggered by short selling yesterday upon IBM's earnings call. Numbers were not great and guidance was lowered. Nevertheless, the blue chip has created a stronger position to capture growth in the IT business related to cloud computing, cybersecurity, and artificial intelligence technologies (15% yoy growth). I predict a short-term movement upwards shortly after the consolidation period or even today. Do not miss the rally to the support/demand zone, which serves as moderate price level for the IBM stock. The average lowest price target by analysts is $152.00. However, there is also a strong possibility of decline if bears attack again. Evaluate a stop loss that take into account a false break out scenario that may likely bust the upward breakout in direction to the support zone. ***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.*** Longby JaDeVinUpdated 4
The Quiet Giant: Is A $192 Future Still In Play?IBM has a lot of understated, misunderstood, visionary initiatives under its belt starting last year. The name is no longer what it used to be, but IBM has pivoted before under Lou G. and it can definitely do so again if given time and proper execution. There is a small, but powerful minority that will always root for this stock and that will help propel it on any good momentum or guidance. If IBM continues to soak up and lean into the initiatives that it's begun to focus on with cloud, enterprise, AI, supercomputing and more relevant topics, then there is no doubt new management will be able to slowly, but surely transform this old behemoth into a powerful titan with new, relevant skin. Short term, and perhaps for the year, a $175 price target is easily attainable with good, stable guidance and matched targets. With beats, positive market sentiment and sustained FY '18 guidance that has been reiterated already, hitting $180 is doable. Hitting that magical $192 level would be frosting and cherries on top of having already gotten back to 2015 levels. Expect IBM to be a serious contender at that point.Longby N3utra3
Monthly chart on IBM Everything mentioned in the chart This is a long term trade. Best of luckLongby salmanijaz4
IBM Long, AI advantageIBM AI I believe is ahead of all other companies. The future is full of AI just like it will be full of chips. Safe long. Chart also shows its near a bottom trend line.by OzzyUpdated 2
IBM further correction ahead?IBM, right now in a "Minute"-wave c (blue) , is about or has finished a "Minuette"-wave 2,c in a rising pennant! Trade carefully, a bulltrap above red resistance line is still possible. - First target could be blue support line.Shortby wolfah2
IBM 2 hr - detail of previous chart setupAs noted in previous IBM daily chart. Trade setup only if price declines into the buy zone at 157, near Ichi cloud base and .50 retracement. Longby aspect11Updated 2
IBM, eyeing small pullback for long entryEMA 13/48 cross took place yesterday. Waiting for small pullback for a better long entry. Price is finally more coiled up after larger chaotic movement. Price resisted at the confluence of the A) natural 1.27 extension of the Feb 27 to Mar 02 swing, B) Jan 17 to Feb 19 .618 retracement. Looking for 157-158 entry, profit target 162-164. Longby aspect11Updated 2
IBM next dip?IBM in a final "Minuette"-wave 5 (red), "Minute"-wave c (blue) of a "Minor"-wave 2. First target $142 (1:1 with wave 1 (red). Could go down further (Test of blue support-line)...Shortby wolfah6
IBM support LongIf the s/r band and the trend line hold, it should be a good long ENTRY: Anywhere in yellow s/r band STOP: Below 143ish 2r target: 158ish Longby SupportResistanceTrader6
IBM Going to Test Key S/RWatch for bullish candle to close above key resistance long-term support at $154 to go long, which coincidentally intersects 200 MA. Big news coming with blockchain technology.Longby younolikeyounobuy2
IBM INVERSE HEAD & SHOULDER PATTERNHERE'S A NICE SETUP OF AN INVERSE HEAD & SHOULDER PATTERN ON THE WEEKLY CHARTLongby IpaLagunitas3
Bearish Deep CrabIBM, create other cancels other order for target/stop, it may move upwards to fill that gap right above it before heading down again but lets see what happens, still learning. Target: 159.00 Stop: 164.50 Time Frame: Feb 12thShortby Dem456Updated 1
Bullish 'head and shoulders' (Ithink...)NYSE:IBM has been talked about on some of the main propaganda channels lately so I'm hoping there will be lots of momentum. If successful, it might actually eventuate before the end of Q1.Longby LittlebearUpdated 6
Warren Buffett is out - This idea is adapted.That was a mistake of the “Legend”, Warren Buffett, to sell parts of his former stake at the company. I secure the profit in this idea. Newsflow: International Business Machines Corporation IBM and Denmark-based transport and logistics conglomerate A.P. Moller – Maersk will create a joint venture using blockchain technology to make global trade more efficient, transparent and secure. IBM and Maersk started cooperation in June 2016 in order to test new blockchain technologies. Since then, several large companies, such as DuPont, Dow Chemical, Tetra Pak, Port Houston, and government bodies including customs regulators in the U.S. and the Netherlands have already used the pilot platform from IBM and Maersk. Currently, the numbers of IBM are also in the center! Here we go! On January 18, 2018 IBM announced fourth-quarter and full-year 2017 earnings results. The American International Business Machines Corporation (IBM), the world's largest provider of computer services, for the first time in 22 quarters increased its revenue in the fourth quarter of 2017. However, according to IBM 2017 fourth-quarter and full year results the the company had a net loss due to a one-time charge of $5.5 billion associated with the enactment of U.S. tax reform. Fourth-quarter revenue increased by approximately 4% - from $21.7 billion to $22.5 billion. The last time IBM recorded revenue growth in annual terms in the first quarter of 2012. IBM announces more than 30 percent revenue growth in the cloud segment in the last quarter. Last year, the Group converted 17 billion with the cloud, 5.5 billion of them in the last quarter of the year alone. IBM’s stock price is about 162.37 US-Dollar a share. Chart Tools: Oscillator: The level of RSI is around 66 and was currently falling back from the overbought zone. The upward movement of the RSI showed a strong price increase. This correction was overdue. Trend indicator: The MACD from IBM rose dramatically, remains positive, but here too, a short-term countermovement could be imminent. The risk management tool used here is the own-developed “Traffic Signals System” (TSS) and it is implemented in my analyses. The black line in the chart: the starting price of the idea is 151.82 US-Dollar. The yellow line in the chart: indicates the achievement of the first target and thus the achievement of a possible turning point at about 162 US-Dollar. The red line in the chart: the stop loss is 156 US-Dollar. Here is adapted. For the first time in this idea, the profit is hedged at 2.75 percent from the start of the idea. The green line in the chart: here for me a further turning point in the idea = next goal at about 171 US-Dollar and this was reached on January 18, 2018. CONCLUSION: The joint venture will now allow IBM and Maersk to scale their solutions to a broader group of global corporations. Already today a lot of them have shown the interest in opportunities and are exploring the ways to use new platform, including: General Motors and Procter & Gamble. The revenue’s growth in the cloud segments is also positive and could mean a bright future for IBM. How is this journey going? With the adjustment of this position trading idea, the ideas is hedged with +2,75 percent considered from the start of this idea. In the short term take profit could therefore lead to lower prices. Disclosure: "The trading ideas published here are neither to be understood as a recommendation nor as an offer or an invitation to buy or sell financial instruments and should not be understood as such. You must also assume that the author holds the recommended position in his portfolio and benefits from the implementation of his trading ideas.” Longby Ritschy3
Quarterly earnings were not enough?IBM ended a long period of decline, however it seems that an attempt to change the trend was quickly rejected. Despite having delivered higher-than-expected earnings reports, the price is close to a very important level of support. What makes me wonder... would it be possible that this attempt to change the trend was initiated by the expectation generated by the income report? And after not having covered the "expectations" immediately lost attention? If that is the case, we will most likely see its price stay within the channel that respect good part of the 2017. If it's just a break, we'll see IBM succeed and rise after retesting this support point. Whatever the case, there are enough reference points to make decisions. I hope this is useful for you. Best wishes to all.by normstock1
IBM still a buy If you missed the previous run up, here is your second chance to take a bite out of the apple. I'm doubling down... This is a great opportunity to add on to the positionLongby mazdaki2
Buying IBM call optionsI'm considering buying two IBM call options with a strike price of $160 and expiration of 1/18/2019. I think price will raise to my first and possibly second target. The plan is to sell one contract at T1 and then wait to see if T2 is realistic. If so I'll wait for T2 to sell. T1= $180 T2= $215 What do you think? Will my targets be reached within the year? Longby sandman8917113
Bearish Island Top Forms in IBM SharesA rare but very bearish Island Top has formed in IBM shares today. Earlier in the week, the shares gapped up through $65 higher, traded at new highs for two days in the $168-$172 range then gapped back down under $165 today. This combination of an exhaustion gap upward and a breakaway gap downward indicates a major top has formed for the shares. It also means that anyone who bought Wednesday or Thursday is now offside and underwater, a potential source of selling pressure. Initial downside support could appear near $161.68 or $158.75, 38% and 50% retracements of the recent uptrend. Shortby ColinCieszynski1
Earning play pt 2IBM has gapped up since yesterdays open. Looking at prior earning reports the stock does provide us with the volatility we need to profit off this earning. The RVI is backing this idea with the breakout in the trend. However, the RSI is showing this stock could potentially be overbought and a short-term sell off could occur. Also, the 50 MA is providing the support for the stock. Potentially, a short and long hedge could be played here.by BlackbearTrader1