IBM Bullish 153 level keyAbove all the MA's, today's price action broke the downtrend line. Next resistance is @153. If it breaks 153 with good volume prices could see 160's fairly quickly.
IBM trade ideas
gap up above cloud strong group out of favorrelative strength good-stoc crossed-adx start of trend-wait for good opening bar-stop loss close in daily cloud
Put SpreadAfter positive earnings , it's the appropriate moment to go into a Bull put credit spredit
Simple Trading Techniques – Pullback Candlestick Strategy
Go long the IBM if it trades at 150.2 or higher. If triggered, place your stop at 147.80 and exit the position for a profit at 152.49 or at your own discretion. (Signals are valid for 1 day only. Always invest wisely).
Learn the rules of this strategy at: www.udemy.com
Simple Trading Techniques – Pullback Candlestick Strategy
Go long the IBM if it trades at 148.27 or higher. If triggered, place your stop at 144.48 and exit the position for a profit at 151.95 or at your own discretion. (Signals are valid for today only. Always invest wisely).
Learn the rules of this strategy at: www.udemy.com
$IBM At Crucial Level? Will it Crush and move higher or not?2-Months ago we put wild prediction that price will move 35% and we are far from that target price, but the chance to achieve that TP now seems more likely than it was 2 months ago. Now price hit or about to hit 50-week moving average and once it secures it will head to $161 and finally confirm bottom and reclaime $177 zone in just 12 Months. Good luck. The stock qualifies to buy in dips that may happen next few weeks.
IBM daily TAIBM is one of those early birds to announce the expected stock market decline, as its downtrend is already established. A double bottom island commenced a correction phase, at the completion of which the bears are waiting.
Dogs of the DOW - One Year Entrance - IBMThe current Dogs are: CVX, CAT, VZ, PFE, CSCO, IBM, BA, MRK, INTC, XOM. Take a look at each one of those names on a DAILY CHART. Set only ONE Exponential moving average on the chart. Just one. Nothing else. A 33 Exponential Moving Average, offset by 3. As soon as you get a Daily Close of any of those stocks, above that 33 Exponential moving average, buy the stock, and hold it for the year, up to February 24th, 2017. That's it, that's the entire strategy. CVX is waiting. CAT IS A BUY. VZ is a buy. PFE is one to wait for. CSCO, you buy. IBM is a buy.
IBM Short Downtrend
Short at < 131.5 Target 117.57 Stop 133.77
Long at > 134 Target 141 Stop 131.3
Channel 117-129
IBM: Long term entryIBM is offering a great entry for the long term.
With earnings having beaten expectations for Q4, I'd be looking for a long trade here, mostly because we've hit a very strong long term support level, but also because the company's valuation at this level seems interesting.
You could look into protecting the downside selling covered calls. I reccomend a 9-18% size position here, not more.
Good luck if taking this trade.
If interested in learning more about my signals service or private coaching, pm me for more information.
Thanks for stopping by.
Cheers,
Ivan Labrie.
IBM EARNINGS PLAYIBM announces earnings tomorrow after market, so look to put on a play before market close.
Here are two possible plays, but I'm looking at these in off hours, so I'm doubtful that the potential credit to be received is accurate, although the strikes, probability of profit, and break even metrics should be fairly accurate (as usual, they may require a strike of two of tweaking after market open):
Jan 29 119/142 short strangle
Probability of Profit %: 74%
Max Profit: $147/contract (tentative)
Buying Power Effect: ~$1493
Break Evens: 117.53/143.47
Jan 29 116/119/141/144 iron condor
Probability of Profit %: 68%
Max Profit: $21/contract (tentative; if it's ultimately the case that this setup will yield <1.00, I would pass on it or look at widening the wings to yield additional credit, assuming that's consistent with your risk tolerance)
Buying Power Effect: ~$279
Break Evens: 118.79/141.21
Notes: I'm already in an IBM trade left over from last earnings that I'm working on, so I won't be playing this one .... .
35% Upside potential next 6-months is very likelyPrice is at very attractive levels for many reasons and bottom is not far from here though it may shake out one more time. If it fails to hold this multiple year support next stop is very likely $116 area. We believe there is a possible bounce from these levels at and around $130 and retest May high last year before it heads another new lower lows. Go www.2waytrading.com for real-time alerts
IBM CALL & PUT PLANDOWN TREND
=> PUT PLAN : when price below 131.6, SL 133, Target 121.15
=> CALL PLAN: to pen position when support line is working, price break 131.6, SL 131.1, Target 133.82
Can Apple save IBM or visa-versa?IBM ($IBM) continues to be bearish even after announcing partnership with Apple ($AAPL). Investors will avoid buying it before earnings announcement (Jan 18 - Jan 22 (Est.))
Long IBM / didn't break supportFailed to break support area, may test again but risk reward is very good 4:1
LEG into an IRON CONDOR on IBM Moving sideways, i have an JAN 16 order for a bear call spread 141/142
Everything looks to confirm sideways movements especially the bearish engulfing candle on 12/30
