IBM AS PART OF THE AI, area of accumulation and support
This pattern is called bearish as it looks like a crooked W and the 1st leg is down. The 4th leg is an up leg and terminates near the .786. It is only bearish if you get stuck at the top of that 4th leg since this pattern reverses there. There is money to be made or a long if you catch a bearish harmonic pattern close to the bottom of the 3rd leg. Valley 2 is...
IBM is setting up for a continuation of the overall annual trend of the 3 month chart where it looks like IBM will hit close to $200 in the months and years ahead We have Bullish Divergence, market exhaustion on the annual time frame along with over sold indicators indicating bulls returning to the market.
IBM correcting from the downside and has begun to continue it's annual bullish trend. Bullish Divergence on the 3Month chart indicating a huge bullish movement above $200 in the coming months ahead. Oversold and market exhaustion on the downside showing bears are loosing momentum and bulls are entering the market
IBM is holding above 2 VWAP Anhor Weekly Levels This has huge a move to the upside to 140 and near 150. This is an AI and Quantum Computer Sentiment Play I like this for a move to the Upside + 6 Weeks
Analyzing the options chain of IBM International Business Machines Corporation prior to the earnings report this week, I would consider purchasing Puts with a 120usd strike price and an expiration date of 2024-1-19, for a premium of approximately $6.70. If these options prove to be profitable prior to the earnings release, I would sell at least half of them. I am...
We have a break of a falling wedge pattern confirmed by the AI model which found that a movement between 7-10% is likely in the upcoming 30 days based on years of previous data and similar market patterns. Also see lateral volume to understand where the price can end the first rush.
IBM Bullish Call - Take 2 Bullish move expected. Long term investment.
IBM is on the verge of breaking down from a rising wedge. It is a simple short setup from a key area.
you can read this chart like a book.. wait for the breakout from the box and add positions above the down trend line
The PEAD projected a neutral outlook for NYSE:IBM after a positive over reaction following its earnings release placing the stock in drift B .
No position currently but I'll be looking to buy calls tomorrow morning if this gets a pullback and goes red. Mixed earnings but very solid free cashflow profile projection, a little growth and job cuts (cost savings). Expectations: software sales: Beat Consulting: In-Line Infrastructure: Small miss PT: $140 (supply zone)
IBM potential reversal in near future. new up trend forming for IBM
Order SELL IBM NYSE Stop 136.56 LMT 136.56 will be automatically canceled at 20230401 01:00:00 EST IBM daily bearish hammer end of wave 5 expect ABC correction at least.
Possible stop under c or under the 50% pull back level. The target is D and when D is reached, then a pull back or reversal is expected. No recommendation. Earnings estimated to be on 4-18 and most analysts appear to have a negative forecast. EPS (FWD) 9.48 PE (FWD) 13.69 Div Rate (FWD) $6.60 Yield (FWD) 5.09% Short Interest 2.84% Market Cap $117.66B
Trading Idea 1) Find a FIBO slingshot 2) Check FIBO 61.80% level 3) Entry Point > 130/61.80%
0. Notes to follow; 1. IBM looking to breakout soon; 2. Talking about the "IBM Corridor" and other initiatives below;
the set up should speak for itself. broke trend line to the upside, with a pull back to retest trendline BULLISH