The great tranny-sition from Industry 3 to 4 is upon us
What’s cute is they’re going to take these beaten down stonks and work their cheat sheet magick whilst you’re left hodling your Google bags at the top
Industry 4 needs web 3 software, next generation wireless tech and edge enabled hardware; and ofc quantum computing
Of all the biggest tech I can see only...
This stock was brought to my attention by one of my followers requesting my opinion.
WEEKLY Linear chart...
This looks juicy ..... I believe this is poised for a substantial drop. Capable of producing a return over 50%.
Longer term put option or a LEAP may be in order here.
I believe we have just completed the "B" wave on a long term Elliot Wave sequence. The...
Possible bat.
The 4th leg of this pattern terminates at the .886 or in some cases, the 1.113 of the first leg up. If it goes to the 1.113 it is an Alternate Bat Pattern.
No recommendation
The PEAD projected a Bearish outlook for $IBM after a Negative Under reaction following its earnings release placing the stock in drift D with an expected accuracy of 84.62%.
SPY found support early in yesterday's session at the important 393.66 level. Then shorts failed to keep control for the remainder of the day. Key pivot level today is 402.63. After that, there is little resistance to the last CPI high at 410.20 from Oct 13. Bias Is high but the market loves fadeouts so be sure to watch for high volume reversals after breaking key...
“Discipline is only difficult when you look at it as something unenjoyable. When you re-frame cutting losses and celebrate avoiding a large loss and freeing up capital for a better trade, suddenly having discipline becomes second nature and being undisciplined becomes painful.” ~Mark Minervini~
bear flag. under 50d. popped flag high and 50d and rejected.
Related news: MSFT cloud weakness. IBM cloud could be impacted. So bought on IBM up and MSFT/GOOG/AMZN down big
RS also starts to lag
Now we managed to fall below the classical pivot. Usually it would look like if we have sufficiently corrected the October-mid December rise. But as here is not only the pivot but a twice confirmed former resistance point it is as much important that we may even see a much deeper corrective decline to the direction of the 78 % Fibonacci level as a magnet. Whether...
We are stopping the fall at a triple support: the April and August high, the Pivot(floor traders' calculation) and the 38 % retracement of the rise since 13th October. In my opinion this is good for an upward correction ahead of the year end, the more that the IBM share may be considered as a must have for window dressers due to the impressive rise this year.
Bearish W that terminated near the 1.618.
Price has hit target 1 of the down targets and is below the bottom trendline of the rising wedge.
Price broke upward from this wedge.
No recommendation.
We have had a few down market days in a row. Perhaps recession fears are hitting folks, but how quickly this market forgets. The market will be reminded once again. ...
This is a fantastic example of a topping tail on the IBM chart. Note the topping tail is 1. at the highs of recent history, 2. The tail (wick) is 50% or greater of the entire candle length, 3. The body is 50% or less of the entire candle length and 4. the close is in the bottom 25% of the candle.
Note the 50% retrace the next day giving a great short entry and...
Since mid-October IBM has produced a nearly 35% gain
This would appear to have traced out a bullish impulse wave (1-2-3-4-5)
It has also created a possible Wolfe Wave top with a short term downside target of $143-$144.
Additionally one could envision two harmonic patterns in development.
In the shorter term which a Gartley pattern supports the WW...
I hold IBM in my long term portfolio. It is great company and pays good dividends. I'm planning to hold it for years to come. Just added after the last drop. It delivered good earning results last week. Great moment to buy or add. This is not a trade, a long term investment.
