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.
There's no reason for a golden cross here. See the spinning top candle on the 1D chart at the top of the chart indicating a top.
You can bet that people have been betting against IBM for the whole time it's been mooning. The top is finally in, both in this stock and SPY/Macro in general. The only reason this has pumped was due to post-dividend distribution market...
The first thing to look for when identifying the Bat pattern is the impulsive leg or the XA leg. We’re looking for a strong move up or down depending if we either have a bullish or a bearish Bat structure.
The next thing that needs to be satisfied for a valid Bat pattern structure is a minimum 0.382 Fibonacci retracement of the XA leg and it can go as deep as...
IBM is overbought and overdone. Can go to $152.57 If already short I would ADD at $150, $152, $154 etc. New moon phases begins and I would expect a correction to $144 then $140 in coming days. For options Jan 20, 2023 $140 puts look best
This is an example of a steep rising wedge.
Both trendlines slope up and contract at the apex.
This pattern is not valid until the bottom trendline is broken which is not gonna be too difficult considering the steep slope of this wedge pattern.
No recommendation.
Example of a Falling wedge which is Bullish and the trendlines narrow or contract to the apex,...
IBM - 30d expiry - We look to Sell at 134.98 (stop at 139.41)
The medium term bias is neutral.
Trading has been mixed and volatile.
Expect trading to remain mixed and volatile.
The trend of lower highs is located at 136.
Preferred trade is to sell into rallies.
Short term momentum is bullish.
Early optimism is likely to lead to gains although extended...
The PEAD projected a Bullish outlook for $IBM after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 88.89%.
IBM appears to be in a smaller channel that is narrowing which is known as a Falling Wedge.
Price is below the bottom trendline of the Rectangle so that trendline is now resistance.
Channel down noted.
Price is just above the 50% retracement of the trend up.
EARNINGS 10-19 AMC.
No recommendation
International Business Machines Corporation provides integrated solutions and services worldwide. The company operates through four business segments: Software, Consulting, Infrastructure, and Financing. The Software segment offers hybrid cloud platform and software solutions, such as Red Hat, an enterprise open-source solutions; software for business automation,...
International Business Machines Corporation is an American multinational technology corporation headquartered in Armonk, New York, with operations in over 171 countries.
IBM was able to make a Head and Shoulders Pattern near the resistance line and resistance zone.
IBM broke the neckline & support line at the same time, and I expect that IBM will go down at...
Just to clarify no it is not my savings account, but I know one day I will look back and wish I bought the dip. Poised for 200-300% returns in the next 10 years folks..
I just checked in a long timestamp and found that bullish channel has been broken, also right now I saw wave B is ongoing which makes confluence with H-C-H pattern and bearish Edge pattern too. We can see squeeze momentum is also ready for this bearish trend and CRSI is pointing too.
Hello ladies and gentlemen, according to my graphical analysis of IBM, I guess it's making good signals to go upwards ,which is confirmed a bit with other signs :volume,trend.. .So we won't take any action for this period ,until we see the next moves to confirm our probablility..
If you have any comment ,write below to discuss about it.
