$IBM was one of our winners, in the Elite Zone last week with an impressive breakout of a descending trading channel we've been monitoring. Now, when it is at the top of my buying zone, the question is, can $IBM make it above 165$ to continue to my secondary target level - The 200 SMA line? It all started with a bullish AB=CD pattern on the weekly 61.8 Fib...
IBM rebounded off the 153.40 low (March 13, 2015) through February’s 162.49 high to confirm a higher base over the former and trigger further strength towards 165.59 (October 31, 2014 range high) ahead of last October’s 170.33 gap low (October 20, 2014 high) near the 200 day moving average currently at 169.53. 160.35/158.81 (March 20/19, 2015 lows) serves as the...
Been watching this level since the start of the year, it seems that bulls refuse to give up IBM. Knocking on the resistance of $164 again and again over the past few months. Eventually, bears behind the door might give way. Open: 164.69 S/L: 162.01 T/P: 178.07 (gaps) Earnings might be the catalyst, I've my algorithmic orders waiting.
IBM expected to open at 151.82 for a Perfect Gap N Go. To learn to trade this strategy for free go to www.RealLifeTrading.com
Just read this article on www.marketwatch.com "IBM • Sector: technology • Market value: $160 billion • 2014 return: -13% While most large caps have risen from October’s slide, IBM has been left behind. That means a great buying opportunity for long-term investors. IBM is one of those mega-cap tech stocks that have a place in almost every portfolio. For starters,...
Our analysis @ stated in part, "Barring a meltdown in earnings or subscribers, FB will be bought at certain levels in expectation of reaching the 2nd target shown. The short also has its' targets and one has been reached on a shorter time frame at 58. On a shorter time frame, FB is reacting to a long that has its' target above ATH." The 2nd targets on both time...
The IBM Corp (NYSE:IBM) Daily Diagram Technical Analysis training shows the following: IBM share has declined following a resistance red line into a triangle. The weekly diagram is neutral. So the first think in mind is the reaction from the KUMO. We have no special candlestick pattern. The share is on the KUMO and under the Tenkan Sen too (green line). The...
This week we will see the EMA (50,100,200) and MACD,RSI for various diagrams. The IBM Share (IBM) Daily Diagram Technical Analysis Training shows the following: The IBM tries to breach the EMA 50 today with a long green candlestick from 0.5 of fib to 0.618. There is a sense of bull market because the EMA 50 is above EMA 100 & EMA 200 and EMA 100 is above EMA...
The IBM Corp (NYSE:IBM) Daily Diagram Technical Analysis training shows the following: IBM share has reacted from the bottom of KUMO and nw is exactly on the EMA 200. The 0.618 of fib @188.42 is the test for today. So the first think in mind is the overcome of Top of KUMO and the KijunSen_Tenkan Sen resistance at 189.99 for this week. We have no special...
The IBM Corp (NYSE:IBM) Daily Diagram Technical Analysis training shows the following: IBM share has declined sharply 29.07.2014 braking the support trend line (green) down. Now the price is exactly on the 0.5 of fib support.There is a new resistance line (red). So the first think in mind is the support of 0.5 of fib or not. MACD is bearish and RSI too. The...
One of the best chart patterns to spot a major downside move in a stock before it happens, is when there is a wide range reversal bar from a high. For example, take a look at the chart below of International Business Machines (NYSE:IBM). This is a weekly chart of the stock which shows a major decline in April 2013. Notice the wide range sell-off bar that was very...
This morning, leading tech giant International Business Machines Corporation (NYSE:IBM) is trading lower by $2.36 to $189.31 a share. Recently, it has been reported that there has been some insider selling from corporate officers in late July. This insider selling news could be weighing on the stock today. Day traders can now look for intra-day support on...
The IBM Corp (NYSE:IBM) Daily Diagram Technical Analysis training shows the following: It is exactly the same diagram like last two. The IBM share has extended the bullish movement above the support trend line (green) as the new agreement with Apple came out. This support line is now above the KUMO, which means that the IBM is forcing its bullishness. The weekly...
The IBM Corp (NYSE:IBM) Daily Diagram Technical Analysis training shows the following: It is exactly the same diagram from 10.07.2014. The IBM share has extended the bullish movement above the support trend line (green) as the new agreement with Apple came out. This support line is now above the KUMO, which means that the IBM is forcing its bullishness. The...
Apple: +7687% Microsoft: +6893% Intel: +2657% IBM: +691% Hewlett-Packard: -23%
Looks like we are going to Gap up above 97. If you are lucky we could pull back to yesterdays high for a re-entry. If not you can enter above the 15 min bar high. This trade is good to the 100 level were it will face major resistance. Reduce half and re-enter above ATH