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IBM trade ideas

IBM in bearish patternFurther decrease of price into the falling channel and a breakdown price below the lower channel trend line will signify a bearish pattern. Best to await confirmation if the price goes into the falling channel. Recent quarterly results have been very bad - missed target by 26%, declining revenue and no forward guidance provided either. No potential of DMA support as price is now substantially below the major 3. Hammer doji, which was within the downward channel did provide a price increase above the channel but failed to ignite a recovery: the increase was small, not backed up by a major volume increase and was followed the next day by a decrease back to the upper channel. RSI is over sold.
NYSE:IBMShort
by slip_stream
019. PIGGISH PLAY - Short IBM's Mediocre EarningsIBM is so... so. What I mean to say is that IBM is the epitome of mediocrity. The stock price ebbs and flows with the zeitgeist of the overall market. Seeing how this stock has paved its way into a well-established, clear downtrend, the play is rather straightforward given the in-line status update last night: 1) When you see yellow flames, they either: i) diverge into green flames and move to the top trendline, or, ii) diverge into orange flames --> red flames and down to the bottom trendline 2) Given their unsurprising mediocre report yesterday, I'd bet the farm that its the latter this time around 3) If using equity, enter on the open, set stops and limits according to the chart's annotations 4) If using puts, I recommend entering 120 strikes (10/30 expiration) and holding until ~105-110 for a solid premium flip Today's market is primed for shorting the mediocre companies because of the fearful/bearish undertone established yesterday. IBM is just the tip of the average iceberg, yet it will slip and slide just as well. - So-So Pig NYSE:IBM SPCFD:SPX NASDAQ:NDX
NYSE:IBMShort
by UnknownUnicorn5511258
IBM Earnings report will be published todayNYSE:IBM The American technology giant publishes its quarterly earnings report with a very optimistic forecast. The report will be published after the market closes. Earlier this month the company announced that it is splitting itself into two separate public companies, a move that could attract new investors due to the result expected - a cut in the share price. In recent years, the company has been mentioned as irrelevant and unable to keep the technology development speed like other leading tech companies such as Apple and Samsung but, with more than 350,000 employees serving clients in 170 countries and a great roadmap for long term development projects, IBM is absolutely still is considered a tech giant. Analysts expect a Gross margin of 48.4% for the quarter. Over the last 2 years, IBM has beaten EPS estimates 100% of the time and has beaten revenue estimates 38% of the time. Revenue in 2019: $77 billion Quarterly Revenue Forecast: $2.58 billion
NYSE:IBMLong
by FinanCollege
#IBM LASER PARTY!! LONG TRY TO EXPLAIN IN THE CHART WHAT I'M LOOKING AT. FROM THE HIGH AT FEB 5 AND RETRACE LOOKING TO BREAK THE BLUE LINE, ANY REJECTION WILL BRING PRICE TO 114 ( BUY AS MUCH YOU CAN THERE), IF THAT HAPPENS LOOK RE ENTRY ONCE BLUE LINE IS BROKEN. $131 SOME LEVEL FROM LONG AGO (IMPORTANT) WHAT I WOULD LIKE TO HAPPEN: AFTER ENTRY LONG, QUICK POP TO T1, TOUCH RED LINE ABOVE AND T1 BECOMES SUPPORT TO HEAD TO T2. THE RESISTANCE AT T3 IS MASSIVE , EXPECT TOUCH AN REJECT OR OVER SHOOT AND RETRACE AGAIN, MAYBE RED LINE COMING FROM 20 MAR 20 SO LOOK TO RE ENTRY LONG THERE. ONCE 175 IS BROKEN WILL SEE UP TARGETS, HAVE FUN!
NYSE:IBMLong
by javreca
2
IBM $120.75 Entry / Great Recovery Company0. We are looking at IBM lately, and like what we are seeing. 1. We like IBM, summed up here: IBM Deep Dive: Strategy Shift Driving Growth; Attractive Share Price And Dividend Yield Summary IBM is successfully pivoting itself away from its declining legacy products and towards growth as a cloud, software, and services company. 60% of IBM’s revenue is recurring, and the Company touts a long-tenured, highly diversified customer base. For the first time in over a decade, we expect IBM to return to sustained growth in 2021, driven by a successful business transition. Considering IBM’s forecasted growth, thecurrent valuation levels are highly attractive. IBM pays a handsome dividend yield of 5.3% and has a 25-year history of increasing its annual dividend. seekingalpha.com
NYSE:IBMLong
by drchelsea1