The IBM (IBM) weekly chart shows the following signs:
The Price of IBM decline under the KUMO and over the Kijun Sen support. The Stock is over the EMA200 making a triple bottom from Oct 2013 till Feb 2014 on it. The MACD and RSI gave bear signal.
I expect that the stock could continue the short movement until the EMA 200 Support for 4th time in a year. The only...
Following current trends I want to call a price somewhere around $118 going into as far as 2016. It really doesn't look like this company has any more room to grow and a fall in share price is coming.
I have a feeling IBM will gain a bit more, possibly testing resistance again up around $205 making a good area to get shorts in.
The resistance arcs are more for...
This is an experiment with the pitchfan in splitting the angle. The pitchfan set was determined from 3 earlier points in the chart. The center is not set on a real point. I am just using the angle spreads. The arcs are more reliable and tested. Don't make any decisions without being prepared for reversals if things go wrong.
The previous move was 4 angles up and...
This indicator was developed by Roger Altman and was introduced in the February 1993 issue of "Technical Analysis of Stocks & Commodities" magazine. The RSI was developed by J. Welles Wilder and is discussed in his book "New Concepts in Technical Trading".
Get the source here: pastebin.com
Installation video by @ChrisMoody here : vimeopro.com
After I got done...
IBM price continues to offer positive attempts to stop the bearish correction that appears on the chart, as the price is leaning on the support base that 23.6% Fibonacci level forms at 181.35, making new attempts to confirm breaching the bearish correctional channel.
Stochastic offers positive signals on the daily time frame, which supports the chances of...
International Business Machines Corp. (NYSE:IBM) is slamming into a key level of resistance. This level is at $181.15. Please note the chart below to see the trend line for yourself. Based on this resistance level and multiple other factors, IBM is an easy short here for a multi-day pullback. A $177.00 target can be used. Enjoy and profit for life.
Gareth...
IBM Looking strong. It break out of the $172-$186 area yesterday. It broke through the down-ward resistance as well as Oct 14's high before the gap. Overall, I think we are cleared to go up to $194, which is the next major area of resistance (Sept high). I think the stock may consolidate a bit either before or after reaching $194, as it will have become...
IBM reports on JAN 21. The stock is now
breaking out after being heavily sold
I am waiting to add to the position however until the chickou line
breaks through the cloud. This is a weak buy yet from a Ichimoku
perspective however I have traded Ibm alot and have seen how
it runs up or down going into earnings
