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.
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)
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
Flags are neutral patterns whether the pole is up or down.
Rising wedge at the top that has long since corrected coupled with an RSI diversion at the top. If these 2 technical technical patterns happen at a top, it is usually the top and time to run.
This one is Down and it appears IBM is going with the flow of a downward break from classic bear flag.
No...
On January 2017, IBM had a adj.close price of $124.89. On January 2023, ibm had a price of $133.09. This is obviously a mature company and doesn't currently see huge consistent growth at this point. The best approach would be a fundamental value play as opposed to statistical mean reversion. IBM has an expected average monthly return of 0.35%, with a 4.35%...
Just retesting a longterm breakout
In a clear uptrend
50% retrace from recent highs versus October 22 lows, which was a divergent low
AI
Hybrid Cloud
Edge Cloud
Quantum Computing
Digital Twins
R/R 15% downside vs 150% upside, stop below October 22 Low
G R Industry 4
Hello dear Traders,
Here is my idea for #IBM
Price closed above yellow line
Targets marked in the chart
Invalidation level marked with red line
IV30 % Rank: 3% Subdued
Good luck!
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