NYSE:IBM Reports after the market closes today. It is probably at or near its fundamental levels even if the report is weak.
The chart shows a strong support level as the stock price is at the neck of the bottom completion level.
IBM is in a long term trading range when viewed on a long term trend. The problem is a weak CEO who has failed at reinvention and a...
The team is already several years into developing the next iteration of the potentially revolutionary NorthPole chip.
NorthPole achieves an astounding 25 times higher energy efficiency metric and boasts 22 times lower latency metrics compared to relevant benchmarks.
This implies the potential for post-GPU performance at significantly reduced energy...
As you can see here on the 15-minute chart of IBM. We are riding some trendlines. I am looking for us to break under today as we have rejected the 25 EMA, and we were under VWAP yesterday. Also, on the Daily chart, we are below 50 on the RSI. I would be looking at the 5-minute chart for a break under the trendline with heavy volume. Make sure you are under VWAP as well.
IBM continues to consolidate after dropping down the A wave. If enough buying power comes in this should begin the B wave. Look for a target of around $145. Consider buying options 2 Fridays out once this is confirmed.
As you can see here we are at a demand zone. But, we are consolidating at this zone and that usually means we break through the zone. If we bounce off of the zone, I will look for it to retest the recent trendline that we have just broken. But, if we break through the zone, I will be looking for the stock to fall all the way down to the bottom Bollinger Band on...
Hello There!
Welcome to my new analysis of IBM. In recent times I have analyzed the stock and I have detected major important historical determinations within the analytics backend that are actually indicating an epical breakout has a high potential to emerge within the next times. Not every stock within the market is bullish however with IBM there are clear...
IBM: Navigating the Cloud and AI Era for Smart Investments
When Arvind Krishna assumed the role of CEO at IBM in 2020, he embarked on a transformation journey for the iconic tech giant, steering its focus towards cloud computing and artificial intelligence (AI). As this transformation reached its fruition, the rejuvenated IBM experienced a notable surge in its...
When taking a look at IBM, we an see that it has had an impressive climb over the past few weeks. This bullish climb is also printing a bearish reversal pattern. The rising wedge breaks out to the downside more than it breaks upward. With this being said and the price action approaching the end of the wedge, i would expect a drop from these levels to the next...
IBM show a small level double top
This figure shows the weekly candle chart of IBM's stock from the end of 2019 to the present. The graph overlays the bottom to top golden section at the beginning of 2020. As shown in the figure, IBM's stock tested the 2.000 position of the bottom up golden section twice in December 2022 and this month, completing the small...
Triple top at 152 rejected by a hefty red bar this week. If the bar's low is convincingly broken as price breaks out of the wedge, (quite a bit) lower prices likely.
Assuming existing ownership of IBM stock. Using fibs, potential sell limit orders can be placed. The low sell limit has more odds. The highest sell limit could happen (you never know). The higher you go, the more chance you're taking it will reach that price at some point. Question is, how badly do you want to sell?
IBM has been forming ascending wedge pattern. We expect the price to brake down.
The short position can be taken once the price breaks down of the rising wedge patter. Estimated target is 134.17 but we should wait for the break down to measure the exact target and setting stop loss.
Another way to trade this pattern is to wait for a breakdown and enter short once...
On the hourly the price which is still recording positive price action following the long term uptrend, popped out a bearish alert with EMAs testing each other.
On Watch for a possible deeper pullback
Rising Wedges are Bearish but are not valid until the bottom line is clearly broken.
A level of support will usually catch price if it/when breaks down. This wedge is accompanied by several indecisive candles at resistance.
Both lines slope up and narrow at the apex.
Sometimes price will break up from a Rising Wedge, but eventually price will break the bottom...
International Business Machines (IBM) testing long-term channel resistance, able to absorb monthly buying pressures.
From here, (IBM) can fall lower to channel support, eliciting losses of 5-10% over the following 1-2 months.
A settlement below this channel support would lead to significant losses through 2024.
Inversely, a weekly settlement above channel...
Sell $150 call Buy $160 Call
Pro: Strong Line of resistance at $150, S&P trading high
Cons: Upwards Trend line since May, should reach at $150, suspect trend line will disappear once hits resistance.
Note: Stop loss at $155
📈📊 #ChartPattern Alert! 📈📊
📈 Rising Wedge 📈
📈 What is a Rising Wedge? The Rising Wedge is a bearish chart pattern characterized by two converging trendlines, with the lower trendline sloping upward more than the upper trendline. It typically signals a potential bearish reversal, with the price likely to break downward after the wedge pattern.
📈 How to...
