180$ is an interesting target level for an upside pullback. In order to do so, $IBM must hold the current support zone which includes both structure and Fibs confluence support elements. The weekly AB=CD pattern was the trigger for my entry
A similar pattern may indicate a similar result.
My long entry at 160 & 161 were unsuccessful. Price turned against me haha caught with my pants down Make some losses and so quickly turned short at 159.70 and immediately turn short, next quick target around 153.70 RSi trendline was broken, but overall bullish divergence still in play until signal break below prior RSI low.
I don't believe in a rise that occurs outside of the B Bands. Therefore, we must give them time to turn around.
Just read this article on www.marketwatch.com "IBM • Sector: technology • Market value: $160 billion • 2014 return: -13% While most large caps have risen from October’s slide, IBM has been left behind. That means a great buying opportunity for long-term investors. IBM is one of those mega-cap tech stocks that have a place in almost every portfolio. For starters,...
Upon releasing the bad earning results, IBM gap down and followed through to channel bottom as can be seen from the massive volume. I considered this as climatic selling. Price move upward and got rejected by 8ema again and touching channel bottom again on Thursday. Both long at 161, then 160 were triggered, the short-term target is 172.4
Everything working as planned. See you in the 130s. First Update: Original:
IBM just reported less than expected earning, price manage to find its way to current downtrend channel bottom. I see a support around 157. So i gotta be patient first.
Today's price weakness to hold above 170 was a big concern and a sign of big guys are not ready to jump in now. If what we see is accurate, there is higher chance that $IBM may finally retest 155 area next 3-months and that could be a market indicator for what to come next 3 months. If you decide to take a short position, make your stop lose at 172.5 with target...
24days ago, i posted on IBM's consolidating triangle since the appearance of shooting star on 9 Apr. I took a risk on 25 Sept to short when the price got rejected by my 8ema & 20ema (posted in real-time as you can check the different in candle). When the price broke down of the smaller triangle bottom, and followed by the broke down again of the bigger triangle...
Since the "shooting star" delivered the lethal blow in 10 April, IBM has since consolidating in symmetrical triangle pattern. How it close tonight at the crucial point region will more or less set the pace for October.
Hello.Stock stages are on the chart.I Havent draw the decline stage because its hasnt established and we dont see yet a specific signal.We had a support (172.23) and then a uptrend still today(blue trend line).Furthermore the price has reach the resistance level 1 (fibo 23.6%) and next weeks will be important to see if the price go above that level or...
The IBM Corp (NYSE:IBM) Daily Diagram Technical Analysis training shows the following: IBM share has declined following a resistance red line into a triangle. The weekly diagram is neutral. So the first think in mind is the reaction from the KUMO. We have no special candlestick pattern. The share is on the KUMO and under the Tenkan Sen too (green line). The...
Last 3 sessions, market helped the bulls to keep the fight, but it looks bears are not giving up soon. The chance the price to retrace back to 186.20 increased today. We had entered or recommended short entry at 192 last Thursday with target price $186.20 area.There is a large bearish triangle in the process, last higher lows at and around 183. 58 the low of this...
See the notes on the chart. We may initiate a trade soon. Now, there is no position. If you decide to take a trade do your own risk management.
This week we will see the EMA (50,100,200) and MACD,RSI for various diagrams. The IBM Share (IBM) Daily Diagram Technical Analysis Training shows the following: The IBM tries to breach the EMA 50 today with a long green candlestick from 0.5 of fib to 0.618. There is a sense of bull market because the EMA 50 is above EMA 100 & EMA 200 and EMA 100 is above EMA...
Below there expect price to revisit August low