IBM movement upwardsIbm moved quick and has now filled the GAP looking to go long and keep moving upwards. RSI STILL above the zero line and MCAD over over sold.
4IBM trade ideas
The truth about Buy at the bottom & sell at the topHello,
If you're here, you've likely encountered the timeless advice of "buying at the bottom and selling at the top " is an advice you must have heard by now. However, executing this is one of the most difficult things for most people to do. This is majorly because most people cannot tell where the stock is at during any particular point in time.
Fundamentals will tell you the estimated valuation of a stock, what the company does as a core business activity, where it derives its revenues, where it burns most of its cash and all other metrics including the cashflow situations.
However, the stock market chart is very key in your valuation and price entry journey. The historical price chart would tell you the lowest and highest points a stock reached during a certain time period. Noting these key points can greatly amplify your results and giving you an edge against other traders.
Notice how the current price of our chart IBM is nearing its highest point in a decade, suggesting it's not an opportune time for purchases. This is because structure can change once we get to the top and room for making a proper reward against risk is much limited. Investors who bought at the bottom in 2020 will begin liquidating their position which might result in stock prices coming down.
For the chart I will be keeping a keen eye at the top to see how price would react.
This can be shown over & over in many other charts to help investors with entry points.
Goodluck & please feel free to share your comments.
IBM @ $187Hi, there it lubosi stocks, and am here to show you the rocket booster strategy.
Now let's look at this chart what do you see?
The rocket booster strategy is like this:
#1 Price has to gap up
#2 50 Ema should cross above the 200 EMA
#3 Price has to be above both ema's
It hurts to miss this type of trade but that's
how trading goes some trade you catch and some you will miss
nexttime , this is the type of trade I will look for.
Rocket boost this content to learn more.
Disclaimer: Do your research before you buy or sell anything or follow any trading recommendations
Do not buy or sell any trade that I recommend to you.
Please Do your research
How to play IBMHow to Play IBM with the least risk
I am looking at a few possible scenarios' for taking a position in IBM with the least possible risk.
Scenario 1
Price drops below 1/25 low, but not by much and then starts moving back up. I would take position long with a stop about .20 below the low. I would take 1/2 profit once I get a 2/1 return.
Scenario 2
If price moves to a new high I would enter with a the knowledge that this a risky entry as I see it. It could easily be a "look above and fail", in which case it could easily go slide tot he bottom of the recent gap. Personally, would not do this unless it starts build a tight range between 190 - 196, and I would reevaluate.
Scenario 3
price moves to the origin of the Gap. Once I see confirmation that it is making a move up I would enter. I want to see the gap filled. That's at the 175 area. Ideally I would love to see it retrace to 167 area.
Cup with Handle on IBM Attempting to Break $140 Resistance LevelWe have a nice looking Cup with Handle on IBM and it's currently Challenging the $140 Psychological Resistance Level, if it can get above that i think we will see IBM's stock price push towards the $175-$180 measured move. On a side not i also believe the Dow will be the strongest performing Maor US Index and reach all time highs before any other index and that IBM will be one of the more major stock leading the way along with Microsoft and Intel.
IBM Share Price Soars Nearly 10%As the chart shows, the closing price on January 24 = USD 173.79, closing price on January 25 = USD 190.19. At yesterday's peak, IBM's share price was above USD 196, helped by a strong fourth-quarter earnings report that was positive about the company's prospects due to advances in AI.
→ Total revenue was USD 17.381 billion, compared to USD 16.690 billion in the prior-year quarter.
→ The acquisition of Red Hat made IBM the fifth-largest cloud service provider by market share. This is very important given the industry's projected growth rate of 16% per year until 2028.
→ Advances in quantum computing, exemplified by the release of the 127-qubit Eagle quantum chip.
In addition, the company has increased dividends for 28 years in a row, making IBM shares attractive to a wide range of investors.
Technical analysis of the IBM stock price chart shows that:
→ the price has reached the upper border of the parallel channel (shown in blue);
→ the RSI indicator indicates strong overbought;
→ a long upper shadow formed on yesterday’s candle – a sign of sales activity. It is acceptable to assume that some investors rushed to take profits in order to later find an opportunity to re-enter a long position at lower prices.
Indeed, given the chart situation, IBM's share price is vulnerable to a pullback following the extremely positive report. If a pullback occurs, the price may find support in the area between the psychological levels of USD 175 and USD 180 per share of IBM, where the 50% Fibonacci level of the upward impulse A→B passes. The channel median line can also help the bulls.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
IBM Stock Surges on AI Momentum: Eyes on $200
In a remarkable turn of events, IBM ( NYSE:IBM ) is making waves in the financial markets as its stock soars on the back of robust fourth-quarter earnings and an optimistic full-year revenue outlook. The surge, driven by escalating demand for the tech giant's artificial intelligence (AI) products and consultancy services, is propelling NYSE:IBM shares towards a potential breakout from a rising wedge pattern, with analysts eyeing the tantalizing $200 mark.
Better-Than-Expected Performance:
NYSE:IBM 's fourth-quarter performance has exceeded market expectations, with adjusted earnings coming in at $3.87 per share, surpassing the projected $3.78. The company demonstrated an 8% expansion in the bottom line compared to the same period the previous year. Meanwhile, quarterly revenue reached $17.38 billion, outstripping analysts' forecasts of $17.30 billion and marking a 4% growth from the preceding quarter.
AI Takes Center Stage:
A significant catalyst behind IBM's stellar performance is the soaring demand for its AI solutions and consultancy services. The company reported a doubling of its generative AI book of business from the third quarter, attributing this surge to lucrative consulting and software deals. The infrastructure business played a pivotal role, witnessing a 3% revenue increase from the previous year, fueled by the growing adoption of servers and storage solutions supporting AI applications.
Distributed Infrastructure Shines:
Within the infrastructure division, the distributed infrastructure category emerged as a standout performer, registering an impressive 8% growth. This surge was primarily driven by robust sales of IBM's Power processing chips, underscoring the company's strength in delivering cutting-edge technology solutions.
Optimistic Outlook:
Looking forward, NYSE:IBM is not resting on its laurels. The company is projecting a full-year revenue guidance for 2024 ranging between 4% to 6%, surpassing the 3% expectation held by analysts. Despite acknowledging the persistent challenges in the economic environment, NYSE:IBM remains optimistic about technology budgets in 2024, anticipating them to maintain levels similar to the previous year. This optimism is expected to propel corporate sales, further bolstering the company's financial standing.
Technical Analysis: Breaking the Wedge:
NYSE:IBM 's stock has demonstrated a consistent uptrend since May of the previous year, with a minor retracement to the 200-day moving average in October. Now, we anticipate a potential breakout from a rising wedge pattern. Today, NYSE:IBM stands at the cusp of scaling new heights, possibly reaching a 10-year high. If the momentum continues, the $200 level could pose as a critical resistance point, harking back to the stock's record high set in March 2013.
Conclusion:
NYSE:IBM 's impressive financial performance, driven by the burgeoning demand for its AI offerings, positions the company as a formidable player in the tech industry. As the stock eyes a potential breakout, investors are watching closely, wondering if NYSE:IBM can surpass the $200 milestone and continue its upward trajectory. The convergence of strong financials, robust AI business, and positive market sentiment paints a compelling picture for NYSE:IBM 's future prospects in the ever-evolving landscape of technology and innovation.
IBM 3M BULL Gartley, 50-100% Profit PotentialIBM BULL Gartley harmonic pattern on 1M and 3M time periods, currently nearing (C) breakout level.
Jurik's PPO Percent Rank nearing end of heavy accumulation period.
$IBM looking strongFor IBM I like think it'll definitely hit resistance but the good news is that it's above the current price point, and it'll probably hit $175 before it makes any meaningful pullback.
That's all!
Immediate short on IBM!Thank you as always for watching my analysis. Please feel free to like, share, and comment on this post. Remember only risk what you are willing to lose! This is not financial advice just my opinion!
IBM - Turnaround story of the century?With all the AI meme companies rocking the market last year, this behemoth has silently honed its skills in that domain and could stand to benefit from the mass AI adaption in years to come. Monthly chart clearly shows the potential. 2024 is likely to mark the turnaround year for IBM.
Upside targets: 175, 190
Breakout of the flag.The flag formation is very clearly visible on the M30 in a strong bull market on D1. The flag was broken on Friday. The question arises whether we will be able to open a transaction on Monday at a good price, or whether the price will fly too quickly northward.
If it is possible to enter approximately as marked on the chart, there is a chance for an R:R of 1:1.3.
This is small, as there is concern about a reaction at the resistance level marked with a white line. This is a level marked on the D1 chart.
IBM meets heavy resistanceStrong resistance with a confluence of QR2 and FYR2 Pivots. The high could be in for 2023
Ripple's Metaco Floats Game-Changing Safety Tech With IBMRipple Labs-owned subsidiary Metaco has joined hands with IBM to create a major top tier tech for digital asset safety.
Ripple Labs’ wholly-owned subsidiary Metaco recently joined hands with IBM to introduce Hyper Protect Offline Signing Orchestrator (OSO), a new technology that will facilitate the deployment of cold storage for digital assets.
The Metaco and IBM Solution Deviates from the Norm
The launch of the advanced technology which was announced by IBM is targeted at addressing the requirements of top-tier banks and financial institutions. Markedly, the tool is a clear deviation from the conventional manual process of executing cold storage transactions. Moreso, it offers protection for high-value transactions by creating extra layers of security.
Other features of the IBM OSO are disconnected network operations, time-based security, and electronic transaction approval by multiple stakeholders. Per IBM’s announcement, “OSO is designed to address limitations of current cold storage offerings for digital assets, including the need for people to perform manual procedures for the execution of a cold storage transaction.”
Apart from all of the aforementioned features, Hyper Protect OSO breaks the communication barrier between applications that have been designed to not interact directly due to certain security concerns. Precisely, it provides a policy engine which acts as a bridge between these different applications, facilitating secure and efficient digital asset transactions.
More Proactive Partnerships
Metaco and IBM worked together with other entities to ensure that the newly launched tool is in alignment with client requirements. Metaco Harmonize provides a highly robust and secured orchestration platform for digital asset applications. At the same time, it intends to leverage this novel solution for its operations.
Adrien Treccani, founder and CEO at Metaco stated that it is the company’s responsibility to deliver cutting-edge digital asset security to Metaco clients, especially due to its position as a trusted provider of institutional grade custody infrastructure. Furthermore, Treccani acknowledged IBM’s reliability over the years as a partner.
The strategic partnership with IBM is one of Metaco’s numerous alliances to push advanced technologies and cryptocurrency. Standard Chartered’s Zodia Custody joined Metaco recently to roll out a new crypto custody solution. The offering gives institutions easy access to crypto storage and settlement, with complete security.
Bullish Breakout on IBM?
As you can see here, we are above VWAP therefore I think with enough volume, and a strong hiekin ashi candlestick close above the resistance line, on the 5 minute chart then I believe we are valid for a strong breakout. Definetely keep this stock on your watchlist. NYSE:IBM
International Business Machines *International Business Machines*
*IBM*
C&H; Formation on Yearly Basis.
C&H; Formation on Weekly Basis.
Price BreakOut Sustained.
RSI: 1HW<M
Multiple Resistance @ 164/166/169/176/182/185
*Trail SL with Upside*
*Book Profit as per Risk Appetite*
Do Your Own Research as well. This is an Opinion.
Happy Investing 😇
International Business Machines *International Business Machines*
*IBM*
C&H; Formation on Yearly Basis.
C&H; Formation on Weekly Basis.
Price BreakOut Sustained.
RSI: 1HW<M
Multiple Resistance @ 164/166/169/176/182/185
*Trail SL with Upside*
*Book Profit as per Risk Appetite*
Do Your Own Research as well. This is an Opinion.
Happy Investing 😇
$IBM Double Top In SightNYSE:IBM is approaching a potential Double Top formation, and we plan to set an alert on the chart to initiate a short position once it reaches $151.93. At this level, watch for a possible pierce or consider shorting. Set a stop-out if there is a close above this level for more than three days. If you currently hold a long position, it may be prudent to take profits.
Ascending TrianglePrice is at the resistance line today but there is another level right above when price broke the top line but failed to continue up (throwback). Throwbacks can hurt performance and are different than pull backs.
I used the term loose triangle as price does not completely fill the upper and lower lines.
Tight triangles perform better than loose triangles.
No recommendation.
IBM: A Risky Earnings TradeNYSE:IBM Reports after the market closes today. It is probably at or near its fundamental levels even if the report is weak.
The chart shows a strong support level as the stock price is at the neck of the bottom completion level.
IBM is in a long term trading range when viewed on a long term trend. The problem is a weak CEO who has failed at reinvention and a stock that is pricey for its growth potential.
However, it has more upside potential than downside. It would take a really negative report to create a strong run down. That is not likely.
PSHI is very low so less savvy investors own almost half the outstanding shares. This means trading the earnings report is riskier.
BM Unveils) Ground-breaking AI Chip: North PoleThe team is already several years into developing the next iteration of the potentially revolutionary NorthPole chip.
NorthPole achieves an astounding 25 times higher energy efficiency metric and boasts 22 times lower latency metrics compared to relevant benchmarks.
This implies the potential for post-GPU performance at significantly reduced energy costs.
Researchers have described NorthPole’s energy efficiency as “mind-blowing,” as reported in Nature
Bearish on IBM for 10-11-23.
As you can see here on the 15-minute chart of IBM. We are riding some trendlines. I am looking for us to break under today as we have rejected the 25 EMA, and we were under VWAP yesterday. Also, on the Daily chart, we are below 50 on the RSI. I would be looking at the 5-minute chart for a break under the trendline with heavy volume. Make sure you are under VWAP as well.
IBM Long - B wave formationIBM continues to consolidate after dropping down the A wave. If enough buying power comes in this should begin the B wave. Look for a target of around $145. Consider buying options 2 Fridays out once this is confirmed.
