The IBM Corp (NYSE:IBM) Daily Diagram Technical Analysis training shows the following:
The IBM share has made a short term bullish movement above the support trend line (green). This support line is under the KUMO, which means that the IBM is reacting weakly yet. The weekly diagram shows neutral trend. The monthly is neutral too.
So the first think in mind is...
The IBM Corp (NYSE:IBM) Daily Diagram Technical Analysis shows the following:
The IBM share has made a long term decline under the resistance of the trend line (red). This resistance line is under the KUMO, which means that the IBM is bearish in long term. The weekly diagram shows bearish trend. The monthly is bearish too.
So the first think in mind is that the...
IBM is going down in very nice move. Reached my first target in 3 days (check my idea in link below).
After 3 days down move it needs some rest before continuation.
Need to stay below $182 for further down move
IBM is trading relatively weak to the market which is currently on highs and stock is depressed and below 200 EMA.
After strong break up of $190 resistance it caught some follow through right to $199, but then dissapointing earnings was released and it dropped on powerful gap down.
Series of lower highs and lower lows means that it is in down trend and sellers...
The IBM (IBM) weekly chart shows the following signs:
The Price of IBM came into the KUMO and stopped at Kijun Sen resistance. The Stock is over the EMA200 making a triple bottom from Oct 2013 till Feb 2014 on it. The MACD and RSI are mixed to bearish.
If today (Monday) the stock is long, the next target is the resistance of Tenkan Sen at around the $190....
The IBM (IBM) weekly chart shows the following signs:
The Price of IBM decline under the KUMO and under the Kijun Sen support. The Stock is over the EMA200 making a triple bottom from Oct 2013 till Feb 2014 on it. The MACD and RSI are both on bear signal.
I expect that the stock could continue the short movement until the EMA 200 Support for 4th time in a year...
The IBM (IBM) daily chart shows the following signs:
The Price of IBM decline in the KUMO and under the Kijun Sen and Tenkan Sen support. The Stock is under the EMA200 and has stop on SPAN B of KUMO. The MACD and RSI are on bear signal.
I expect that the stock could continue the short movement because the SPAN A has cross down the SPAN B of shift 26 projection...
The IBM (IBM) weekly chart shows the following signs:
The Price of IBM decline under the KUMO and over the Kijun Sen support. The Stock is over the EMA200 making a triple bottom from Oct 2013 till Feb 2014 on it. The MACD and RSI gave bear signal.
I expect that the stock could continue the short movement until the EMA 200 Support for 4th time in a year. The only...
Yesterday, Cisco (NASDAQ:CSCO) reported earnings. Cisco is one of those old tech stocks, like Yahoo (NASDAQ:YAHOO), Microsoft Corporation (NASDAQ:MSFT) and IBM (NYSE:IBM). One thing they all have in common is the possibility of going lower in the coming days. Also important to note is that the major indices, specifically the S&P500 (NYSEARCAPY), saw some selling...
Following current trends I want to call a price somewhere around $118 going into as far as 2016. It really doesn't look like this company has any more room to grow and a fall in share price is coming.
I have a feeling IBM will gain a bit more, possibly testing resistance again up around $205 making a good area to get shorts in.
The resistance arcs are more for...
