4IBM trade ideas
IBM ForecastI am predicting a correction, then after the short correction.. a bearish breakout with a bullish bounce back.
$IBM potential pathsIBM has huge potential upside. Still inside weekly corrections but once out, it will be buy the dips.
Trade Setup ---Uniform Action Setup---Stick the trading plan
Only buy with rising volume on RSI breakout(green), Price action breakout, and rising volume.
Comments are appreciated.
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Blessings!
IBM a good opportunityThe latest data has beaten the expectations of analysts
and is in oversell condition
it's a great opportunity to insert a large company in portfolio
can you buy IBM at 1997 prices!Yes, you can.... IBM transformation from a hardware company to software/cloud/Blockchain company will enrich your portfolio... first Target $209... second target $240...
IBM Head & ShouldersIBM completed a Head and Shoulders pattern on strong volume, indicating the downward trend is likely to continue. Given the downtrend has gone on for some time now, I would look for a small pullback before the stock's decline continues.
OPENING: IBM JULY 28TH 145/148/160/162.5 IRON CONDOR... for a 1.10 credit. It announces earnings today after market close.
Metrics:
Probability of Profit: 54%
Max Profit: $110/contract
Max Loss/Buying Power Effect: $190/contract
Break Evens: 146.90/161.10 (Wide of expected move, both sides)
Delta: .37
Theta: 6.08
Notes: The strikes were pesky on the call side. It was either go five-wide or 2 1/2 wide on the call side. I opted for going narrower, as long as I could keep my break evens outside the expected move. Will look to take profit at 50% max.
