IBM shares fell nearly 10 percent to a seven-month low on Oct. 21 after the tech behemoth released a weak Q3 report.
IBM's revenues rose just 0.3 percent from a year earlier to $17.6 billion, $190 million less than forecasts. But excluding divestitures and foreign exchange rates, the company's revenues were down 0.2%.
Excluding the impending Kyndryl spin-off,...
Typical retail patterns such as the flag breakouts seem to become more and more manipulated in this day and age.
I am fearful that this breakout could be a fake one to lure more buyers into the market.
Ideally, I would like to see deeper retracements before I load up buys on this stock.
What do you think of this idea?
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Screenshot of actual chart added below. This is cut down version of original chart that predicted our last US stock market crash. Notice every time we make contact with an orange ring we get a major rejection. Our last crash took place in March 2020 when we topped out at orange ring and crossed next fib channel line. The current setup looks almost identical to our...
TICKER CODE: Z74
Company Name: Singapore Telecommunications Limited
Industry: Telecom Services| Communication Services | Singapore
Position Proposed: BUY
1. Large Inverted Head & Shoulders (Forming)
2. Pennant Pattern (Broke out and Retraced)
3. Take Profit will be at Key structure level and 80% of Head & Shoulders Price Rane
An interesting asset to trade. After entering the green zone (according to Buy/Sell Zones indicator ) it showed a small pullback which gives a possible good long entry point.
I'm looking forward to picking it up in the zone from current close up to 120.
Short-term Long targets are 0,5 Fib (previous high) and 1 Fib.
Long-term target is 2...
Traders, APPLE stock can fall as it is forming a pattern and is showing signs of fatigue. This comes along with Amazon, Google Tesla, and Netflix stocks showing same signs. This can have a knock on effect on the NASDAQ which is already trying hard to recover from the recent "so far" minor correction.
1. Never trade too much
2. Never trade without a...
A50 - Monthly
Recent factors impacting the Asian markets, have included worries of financial system contagion from a deeply leveraged Evergrande , regulatory crackdown across several industries, and continued trade tensions. Nevertheless, one is beginning to see some indications of a bullish bullish divergence on the charts
Break and Retest - Prices are likely...
SHIP retraced back to the 50 fib finally, bounced and now attempting to get back to the 236 area but recent volume has ben lighter than in previous weeks. As it approaches this area yet again, I think volume will ultimately dictate the next move. Sure, you've got supply chain bottlenecks and higher prices for shipping specifically to Capesize vessels. However,...
SAIL (Steel Authority of India)Positional long for 1 year Time Frame
Buying/Accumulation levels 98 to 125
Stop Loss 90
1st Target 152
2nd Target 180
2nd Target 215
Analysis done on Weekly Price action/pattern
Disclaimer: These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be...
MGL is as per charts very negative. 5 days future data shows short build up. 1 day future analysis shows 67200 shorts vs 2000 long. still the sector is reinventing gas prices to be higher and here the stock is making low buy the stock for long term however for now its a short.
TSR (NASDAQ:TSRI) reported quarterly earnings of $3.18 per share. The company reported $22.90 million in sales this quarter. This is a 57.78 percent increase over sales of $14.51 million the same period last year.
The main view of this trade idea is on the 2-Hour Chart. The stock Tesla, Inc (TSLA) is channeling higher towards resistance at 880. The channel with the resistance around 880 looks like an ascending triangle setup. If TSLA breaks above 880, it can go as higher as 1200. If resistance holds and TSLA declines, failure of the pattern would occur if...
$TATA motors seems to be retracing back up towards 600INR on the positive buyside, and recently has been picking up some support levels. As always, this is on an opinion based basis and not financial advice. Information provided is "as is".