IBM: Long term entry
IBM 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.
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.
Trade closed: stop reached:
Steep drop, probably Forex weighing down on IBM's stock.
Comment:
Will be interesting to monitor this one for a long soon, for the time being on hold.
Comment:
Interesting base here, might be the start of a new rally.
Interesting base here, might be the start of a new rally.
Comment:
Rally started...we can enter on retrace on Monday.
Comment:
Long IBM now, stop loss: 87.75 (25% trailing stop) This is a long term position.
Trade active
Comment:
Excellent progress today.
IBM was suffering tremendously from FX headwinds, and chinese devaluations. Fundamentals made this zone a great value investor's pick in my view.
IBM was suffering tremendously from FX headwinds, and chinese devaluations. Fundamentals made this zone a great value investor's pick in my view.
Comment:
Long IBM acts as a proxy for long EM.
Check out EEM, we have potential for a very significant bottom in place.
This is a great macro opportunity, for a fundamental edge in FX and equity trades.
I'm fairly certain that this is a good long term buy. Congrats if you took my reccomendation, hang in there!
Check out EEM, we have potential for a very significant bottom in place.
This is a great macro opportunity, for a fundamental edge in FX and equity trades.
I'm fairly certain that this is a good long term buy. Congrats if you took my reccomendation, hang in there!
Comment:
Great progress, you can book partial profits here, last 134.33.
Trail stops to entry price.
Trail stops to entry price.
