IBM sell: Wave 1 = Wave 5This is the best time to short IBM at a good risk-reward ratio. The SL is just above today's high. The TP is way below if you can hold.
4IBM trade ideas
IBM reaches all-time highs amid strategic shiftsIBM captured significant attention in August 2024, driven by pivotal developments that underscore the company’s strategic realignment and technological innovation. The decision to close its research and development centre in China, which will impact over 1,000 employees, is part of a broader global restructuring aimed at sharpening its focus on burgeoning sectors like artificial intelligence (AI) and cloud technology. This move reflects IBM's commitment to consolidating its resources towards high-growth areas.
Adding to the momentum, IBM's presentation at the Hot Chips 2024 conference showcased its latest advancements in processor technology. The introduction of the Telum II processor and Spyre gas pedal marks a significant leap in computing power and energy efficiency, particularly for AI tasks, which are becoming increasingly crucial across industries.
These initiatives indicate IBM's ongoing efforts to fortify its leadership in AI and cloud technologies, signalling a future solid trajectory despite the reductions in other operational areas.
Technical analysis of International Business Machines Corp. (NYSE: IBM)
Exploring potential trading opportunities based on the current technical indicators of IBM's stock:
Timeframe : Hourly (H1)
Current Trend : the daily trend is upward, with the hourly chart showing a correction phase following extended growth
Short-term Target : immediate resistance is at 194.50 USD, which is the current target of the correction phase
Medium-term Target : a break above the resistance at 199.00 USD could pave the way for a rise to 210.00 USD
Key Support : positioned at 194.50 USD
Reversal Scenario : a break below key support at 194.50 USD could negate the bullish outlook, potentially leading to a decline towards 193.50 USD
IBM's shares are experiencing robust growth, hitting all-time highs. The stock's trajectory suggests that with the continuation of a favourable economic environment, there is potential to breach the 210.00 USD mark and achieve further gains. Investors and traders should monitor these levels closely as IBM continues to navigate strategic transitions and capitalise on its technological advancements.
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IBM to Remain Running with the BullsLet the trend be your friend! A buy signal was issued from a pivot bottom point on Monday, June 03, 2024, and so far it has risen 18.60%. Further rise is indicated until a new top pivot has been found. What I see to be 240!!!!
BUY
Entry Point: 196.02
TP1: 200.00
TP2: 210.50
TP3: 220.00
EOY: 240.00
Stop Loss: 186.10
IBM: SHA-ttering ExpectationsAs we move through 2024, NYSE:IBM continues to demonstrate its strength as a technology powerhouse, particularly in cloud computing, AI, and cybersecurity. With a legacy rooted in innovation, IBM's deep history in encryption technologies and its forward-looking strategies make it a compelling buy for investors aiming to capitalize on the next wave of tech advancements.
Financial Performance:
Revenue Growth: IBM reported a 5% year-over-year increase in revenue for Q2 2024, driven primarily by its hybrid cloud and AI segments, which saw a combined growth of 12%.
Earnings Beat: The company beat analyst expectations with an EPS of $3.15, outperforming the consensus estimate of $2.98. This marks IBM’s fourth consecutive quarter of earnings beats, underscoring its operational efficiency and strong market positioning.
Cash Flow: IBM’s free cash flow improved to $9.5 billion for the first half of 2024, reflecting a 7% increase compared to the same period last year, providing ample liquidity for continued investment in innovation and shareholder returns.
Quantum Computing and AI Leadership:
Quantum Breakthroughs: In 2024, IBM announced a significant breakthrough in quantum computing with its 127-qubit 'Eagle' processor, which is expected to accelerate quantum application developments in fields such as cryptography, materials science, and financial modeling.
AI Advancements: IBM’s AI platform, WatsonX, continues to gain traction in the enterprise space, with a 15% increase in new customer adoption in 2024. The platform’s integration with IBM’s hybrid cloud solutions positions it as a leader in the AI-driven transformation of industries.
Acquisitions: IBM’s strategic acquisition of ReaQta in late 2023 is already paying dividends in 2024. This cybersecurity firm enhances IBM’s X-Force Threat Management services, making IBM a more formidable player in the fast-growing cybersecurity market.
Partnerships: The expansion of IBM’s partnership with SAP in 2024 is set to deliver joint cloud and AI solutions that address the needs of global enterprises, further cementing IBM’s role as a key technology enabler.
Technical Potential:
Stock Performance: As of August 2024, IBM’s stock is trading at $190 per share, up 25% year-to-date, but still trading at a forward P/E ratio of 12.5x, which is below the industry average. This suggests the stock is undervalued relative to its peers, providing a buying opportunity.
Price Target: Analysts are bullish on IBM’s growth prospects, with a consensus price target of $250, representing a potential upside over the next 12 months. This target is supported by expected continued growth in IBM’s high-margin cloud and AI businesses.
Dividend Yield: IBM continues to offer a robust dividend yield of 4.7%, providing an attractive income stream while investors wait for the company’s growth initiatives to further drive stock price appreciation.
- Q3 2024 Earnings: October 23, 2024 (preliminary)
- Q4 2024 Earnings: January 22, 2025 (measurable)
Did IBM develop Bitcoin? Goodluck.
$194.75 NYSE:IBM
$IBM Support Levels HoldingNYSE:IBM did not have a great earnings report for the 1st Quarter 2024, but 2nd quarter improved. The stock has one of the better charts in the Dow 30 components. It has held up better than most of the Dow components, except for those stocks that are in buyback mode. It has been tapering off its buybacks for 2 quarters. So the gains holding above the support lows are not from buybacks. There are accumulation patterns and pro trader activity in the mix. One to watch for swing trading potential.
IBM long position Hi traders,
In June the price created double bottom pattern and since then the price has been creating higher lows and higher highs. Recently the price broke the strong resistance.
We are expecting that the price will pullback to retest previous resistance and confirm it as support.
After that we expect uptrend continuation.
Previous resistance is expected to act as support now, therefore it could be the entry for the long position.
Our target is at the next key resistance.
Stop loss can be placed at 174$.
IBM International Business Machines Options Ahead of EarningsIf you haven`t sold IBM before the previous earnings:
Now analyzing the options chain and the chart patterns of IBM International Business Machines prior to the earnings report this week,
I would consider purchasing the 185usd strike price Calls with
an expiration date of 2024-9-20,
for a premium of approximately $7.10.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
IBMApply risk management
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Disclaimer
Support ZoneThe support we have reached now is a multiple one:
1. The April close and low,
2. The 38% retracement of the large rise from October 2022 till March 2024,
3. The December 2023 trading range.
There is still downward momentum but the chances of a good gain are sufficient to take a position. If the decline will continue however an increase of the position at better prices is possible.
IBM is about to break outI mostly trade crypto but when I saw the daily chart of IBM, I could not pass on the opportunity given the nice consolidation set up with a potential W break out. I think IBM is a great buy in the 172-170 zone. My near term price targets are 185 PT1 and 195 PT2.
I think IBM will benefit from AI and Quantum compute trend that continues to deliver productivity gains and market moving news and sentiment. I'm accumulating in the buy zone of 172 and below. This is not a financial advice, DYOR.
Currently in a nice level of FIB on IBM.🔉Sound on!🔉
Thank you as always for watching my videos. I hope that you learned something very educational! Please feel free to like, share, and comment on this post. Remember only risk what you are willing to lose. Trading is very risky but it can change your life!
$IBMNYSE:IBM is currently building a robust consolidation pattern on the daily chart. The stock has experienced two failed breakout attempts recently, indicating strong resistance around the $174 level. A successful breakout above this key resistance point could pave the way for IBM to fill the gap up to $180.
Looking for a nice week-out swing play on IBM.🔉Sound on!🔉
Thank you as always for watching my videos. I hope that you learned something very educational! Please feel free to like, share, and comment on this post. Remember only risk what you are willing to lose. Trading is very risky but it can change your life!
IBM - Buying on rebound- target 200.00 over the long termNYSE:IBM is likely to complete the last leg of the ABC expanded flat formation or the UTAD of the distributive phase C. Slight strong buying is seen on Tuesday after rebounding off the demand zone at 166.11 and is likely to see strong upside. Hence, considering to buy at spot or 162 limit price. Target will be at 200.00
Trading Signal for IBM - SellDirection: Sell
Enter Price: 165.56
Take Profit: 166.83
Stop Loss: 164.33
Based on our analysis and projections using the EASY Quantum Ai strategy, we are recommending a Sell position for IBM. Below is a justification for this forecast:
1. Trend Analysis: Recent trends have shown consistent lower highs and lower lows, indicating a bearish market sentiment. This aligns with our Sell direction.
2. Technical Indicators:
- RSI (Relative Strength Index): The RSI is currently in the overbought territory, suggesting a potential price pullback.
- Moving Averages: The short-term moving averages have crossed below the long-term moving averages, confirming a downward trend.
3. Support and Resistance Levels:
- The Enter Price of 165.56 is strategically chosen based on recently observed resistance levels. Entering at this price anticipates a rebound from this level to lower prices.
- The Take Profit level of 166.83 is set above a significant resistance zone to maximize potential profits if the price temporarily moves upward.
- The Stop Loss has been placed at 164.33, just below a critical support level to minimize potential losses should the market move against our prediction.
4. Market Sentiment: Analysis of market volume and news sentiment suggests bearish pressure, reinforcing the Sell signal.
By following the EASY Quantum Ai strategy, we combine multiple indicators and market factors to provide a comprehensive trading signal. This strategy has been backtested to ensure optimal performance and risk management in volatile market conditions.
We advise adhering strictly to the specified Entry Price, Take Profit, and Stop Loss levels for effective risk management and optimal trading performance.
Beautiful swing setup for IBM soon?🔉Sound on!🔉
Thank you as always for watching my videos. I hope that you learned something very educational! Please feel free to like, share, and comment on this post. Remember only risk what you are willing to lose. Trading is very risky but it can change your life!
Configuration suggestive of a fall + Market Inflection PointMulti-timeframe fibocloud configuration suggests a fall. This reading is confirmed when we see a possible turning point in the whole market, at which point we don't see any buying opportunities, while many stocks, previously on the rise, are showing weakness.
Best point to sell around 169.50
IBM covering gaps and following trendI will put my long Buy position on 160$, stop loss 152$ and take profit on 190$. Good risk/reward ratio, trend following, covering gaps and strong support.
IBM International Business Machines Options Ahead of EarningsIf you haven`t bought the dip on IBM:
Then analyzing the options chain and the chart patterns of IBM International Business Machines prior to the earnings report this week,
I would consider purchasing the 170usd strike price Puts with
an expiration date of 2024-5-17,
for a premium of approximately $2.29.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
IBM Stock Slides 9% After Confirming $6.4B HashiCorp BuyoutInternational Business Machines Corp. (NYSE: NYSE:IBM ) encountered a stormy start to the trading day as its shares tumbled more than 8% in premarket trading on Thursday. The computing and consultancy giant grappled with challenges in its consulting business, fueled by enterprise spending constraints amid an uncertain economic backdrop and rising interest rates.
The tepid performance in IBM's consulting segment, marked by weaker demand for smaller discretionary projects, sent shockwaves through the market. Despite a 5.5% growth in its software business and a strategic $6.4 billion acquisition of cloud software company HashiCorp (NYSE: NASDAQ:HCP ), NYSE:IBM fell short of Wall Street expectations with total revenue of $14.46 billion, slightly below estimates.
Analysts at J.P. Morgan highlighted the unexpected deterioration in IBM's consulting division, while acknowledging the potential for a turnaround fueled by the company's backlog. However, the magnitude of IBM's consulting slowdown overshadowed the software acceleration, prompting concerns among investors.
The confirmation of IBM's acquisition of HashiCorp for $6.4 billion added complexity to the narrative, with the deal expected to close by the end of 2024. While NYSE:IBM anticipates the acquisition to be accretive to adjusted EBITDA within the first 12 months post-closing, investors remained cautious amidst uncertainties surrounding regulatory approval and integration challenges.
IBM's CFO, James Kavanaugh, cited macroeconomic uncertainty as a key factor driving prudent customer discretionary spending, echoing concerns about tightening budgets amid economic headwinds.
Despite posting adjusted earnings of $1.68 per share for the first quarter, beating analysts' forecasts, IBM's revenue miss and consulting woes cast a shadow over its financial performance. The company's stock price plummeted to $168.51 in after-hours trading, erasing some of the gains it had accrued over the past year.
Investors closely monitored IBM's chart patterns, with the $165 level emerging as a critical support area amidst the selling pressure. The stock's trajectory, characterized by a breakout from a multi-month rising wedge followed by a retreat to its lower trendline, underscored the volatility and uncertainty surrounding IBM's prospects.
The challenges posed by enterprise spending constraints and executing its growth strategy amidst macroeconomic headwinds, investor sentiment remains pivotal in determining the company's trajectory in the coming quarters.
IBM - further to goNYSE:IBM opens with an island top. The last time that it had bearish divergences into a 52w high it drew down 20% over 100 sessions. airgap to the 160-165 range aligns to the 0.618. The next airgap to 150 aligns to the 0.786.
