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4IBM trade ideas

IBM , nice stair steps patternHey guys, as earnings came out friday, there was a nice breakout of stair steps pattern. I like this stock because that was a strong candle that gaps up and close very strongly with strong volume. This is the first green candle so that means that the stock is not over extended on the upside and i wont be surprise if this is the beginning of a bullish move. There was a lot of people who are trapped so i am expecting a strong upmove and i will buy it if the stock goes to 170.85 or higher depending on the gap tomorow.
NYSE:IBMLong
by WilliamL
1
IBM major levels to watch (end of April 2017)IBM has made an important low in the beginning of this year 2016. And since then it has been rising, with minor pullbacks. Since I am recording validations of short scenarios in monthly and weekly timeframe my investigation started on this stock. Analysing the major tops and bottoms of IBM Low: nov 2008 Top: mar 2013 Low: jan 2016 Uptime: 1080 bars Downtime: 717 bars Total cycle: 1797 bars which is 4.99 times the 360degrees of a circle Ratio down:up: 0.666 with offset of 2.28 days which is one degree on the Gann Wheel. As seen in the harmonic pattern, price retraced 0,666 and made the Jan 2016 low (point B in red). Drawing an harmonic relation only from the down wave, gives an allignment in point D around 189euro would be ideal scenario to short. However the major cycle triggers shorts at an early level of 183euro (point C in red) and sets the date at 20th of April 2017. It is possible to estimate the cyclical time more linear with an average cyclical time near 20 weeks is also providing and underlyning Gann estimates in time. I have sets alerts on my candle patterns detection and volume pattern screener, if time and price allign.......a trade is possible towards 29th of November 2017 (which is 9 years and 10.5days after the nov 2008 low.) If 10.5days i divided by a year 365 days, you get the disponantions effect of a square in a wheel of 2.28. And yes this is also very close to fibonacci extension 2.276. Although those projection in time&price have some offset, and can only be traded well with money&risk management rules in place, it displays the cause of market movement. And not the effect, which is an outcome with hindsight!
NYSE:IBMShort
by BBtrade618
1
$IBM Slam Down Coming, Check Out This Chart...Shares of International Business Machines Corp. (NYSE:IBM) are on the verge of a sharp fall based on the stock hammering into not one, but two trend line resistance points. This can clearly be seen on the stock chart below and is a warning to investors to sell their long positions and maybe even short the stock into year end. January might be ugly for IBM. The pull back level is likely $155.00 from its current $166.99 in January 2017 alone.
NYSE:IBMShort
by jenny_rebekka
SHORT IBM : AT 168.60$ for Target 158-159$ Sl 170.60$ It's Worth to Short IBM at Current Price of 168.60$ For A very little SL. of 2 $ Reason : According to W.D. Gann's Methods Price and Time is Squaring at 169 to 170 Levels. Above 170 it's not, According rules, Squaring Hance Stop loss is very small. If today IBM remains below 169 then There can be Short Term Reversal for IBM. So it's Worth to take Risk of 2 $ for a Price Target of almost 10 $ :) IBM must Remain Below 169 Today
NYSE:IBMShort
by Tyrant