$IBM #IBM has been in a HTF downtrend since 2013...3311 days.
Currently retesting trendline and forming a right shoulder of inverse HnS. Weekly close above 145 and PT would be 199.
nPOCs at 169, 180, 197.
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I know my idea is simple and your welcome to check it with your own indicators but I propose that this stock is preparing for a torrential uptrend which will finally end a multi year downtrend. The reason is because the price is finding itself bound up within a tighter and tighter trading range over the past year. And with pressure must come release. Sure, we...
A bearish idea for IBM , showing a potential drop below the major trendline that has been established
it can be compared to a point in the past where price also went under the major trendline (in red) and took a steep drop
I'm not sure how far it could drop but under the major trendline we will consider it bearish for traders
Short (Entry Price) within the sell zone area and exit (Stop Loss) above the red line. Can take profit at the suggested Target Price.
Entry Price: $123.79 / $124.95
Target Price: $121.99 / $123.13
Stop Loss: $126.77
"IB who"?
Posting some IBM analysis mostly to remind you that up until 2011 IBM was the king of the stocks. IBM was most certainly "Going nowhere". And IBM are still in business - but the stock went somewhere. For those who think holding stocks that are industry leaders is risk free, I'd recommend you look up the top 20 stocks of 50 years ago and see how many...
Monthly View
IBM is operating in a type of bull pennant on the monthly chart that has been building up since March of 2013.
I would have liked to see this break out, but unfortunately, owning to the current market circumstances, its probably not going to happen in the near future.
Tech is being hit hard with this current bear market and IBM has managed to retain...
IBM seems to be in a Gartley pattern.
The final leg pull to the .786 and is labeled as D. The retracement leg, called AB pulls to the .618 or very close. Peak 2 is lower than peak 1 in the crooked M unlike a Bullish shark or a Bullish Cypher where peak 2 is higher than peak 1.
The structure is labeled XABCD. Possible stop below D or where you see support.
No...
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Another...
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Immediate targets 142, 149, 153. Invalidation at 114.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically...
International Business Machines turned in a positive direction after its first quarterly earnings report following the spinoff of Kyndryl Holdings. After regularly underperforming earnings growth in past quarters, the company delivered on its promise to deliver "single-digit" earnings growth.
The tech giant has endured years of struggle trying to transform itself...
IBM crossed the last daily fractal of 136.05 today. The Alligator's mouth is closed in both daily and weekly charts.
Price has been above and around the weekly teeth, which could mean the beginning of a weekly wave c.
Adding on any other signals. Stop loss is close below the daily teeth.
