IBM approaching 10 yr downtrendUp 6 straight weeks coming into this resistance. If we break out, long term I think we are headed back to 180. If we reject we could be looking a retrace to that split channel (White line)
IBM is heavily influenced by the dow jones movements. If the dow corrects at 37k It will be interesting to see if this can sustain itsself
IBM trade ideas
Cup and HandleOVERBOUGHT on daily RSI set on 80 versus 70. IBM is not overbought right now on weekly or monthly RSI.
Earnings estimated for 1-24-22 AMC.
There is not a truly definitive handle at this point. I placed a price at the only area where I can see any consolidation. A definitive and longer handle can provide more support. There is support at MC/Mid cup.
There is resistance at the top of the cup as a rule. Short percent is 3.89%.
Cup depth is 24.89.
Long term high is 206.22.
Feels like a possible pull back soon, but who knows?
No recommendation.
A lot of green which is bullish but buyers do become sellers.
IBM: Inverse Head and Shoulders Opportunity?IBM - Intraday - We look to Buy at 125.98 (stop at 122.20)
A bullish reverse Head and Shoulders has formed. The formation has a measured move target of 134.63. Closed above the 50-day MA. The stock is currently outperforming in its sector. Further upside is expected and we look to set longs in early trade.
Our profit targets will be 134.53 and 138.15
Resistance: 130.00 / 138.00 / 145.00
Support: 125.00 / 120.00 / 115.00
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IBM IS SET TO ROCKET?IBM is set to rocket if it can break $140 in 2022.
Create a massive green leg, still is looking pretty long.
Fundamentally they have done the work to focus strictly on cloud business which is expected to grow year over year.
Daily MACD continue green yesterday . Shares to borrow and short has dried up.
Moving in a triangle strenght to 140$, then looking for small retracement and then we will waiting for triangle breakout and conirmation for 150$ and more.
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$IBM bounce? potential target $300 (4/5)Conviction: 4/5
need to break above descending resistance line for confirmation.
depending on speed of ascent, upper channel points to $300 target
General Thesis
bounced off long-term channel support since 1984-ish recently in 2020
also seems to continue channel since 1999
bounced off short term channel since 2020 lows
weekly RSI about neutral
Growth
Gross margins (50%) is pretty steady, near historical highs
Revenue growth (0.33%) is super low, but recent highs
Value
P/FCF below average (25th percentile)
P/S about average
Fundamentals & Balance Sheet
low debt to asset (<1)
Potential Risks
entry for Weekly RSI is not ideal, could be lower
IBM - careful SELLIBM is within a defined regression channel, and the top is around $ 129-130.
The stochastic RSI is on high side, and the RSI is high based on historical performance.
I feel selling near top of channel $ 128-130 with tight stop $ 135, which means we would be trading within the GAP. The GAP down previously suggest we may trade below that for the coming weeks.
The over picture is we should re-test lower $ 116.
Wait the selling moment for IBMIBM's stock is on my target to sell.
Firsrly, it is under EMA200. The RSI form a trading divergence on my extreme bought area.
But won't directly sell it now. I want to wait the bearish candlestick on a daily timeframe exactly on the next day. EMA200 curve will be my maximum stop loss if I execute selling.
IBMI watched this ticker for 2 weeks now. I expected the reversal on the weekly channel which was confirmed. I am bullish on this and I believe we are seeing money flowing into this ticker. We have a gap on the Daily to fill but it appears we rejected it last week. I am watching for continuation and if it fails, I expected a retest of the weekly channel.
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IBM Idea - Restoring TrendlineCurrently price is sitting just under a major trendline that can be drawn
Similarities can be drawn between a dip in the early movement of IBM and one that has occurred recently
Post this dip, the price rose and retook the trendline
I expect this to be the case again
Weekly Chart
$IBM coming into support for swing into 2022 Idea : Swing Long $IBM from support levels into next earnings (~3 months).
Rationale : The last two quarters earnings were great for IBM and price increased both times, last year around this time we had a big gap down after earnings , and ran up into the next earnings which had another gap down and then ran up. I anticipate there is seasonally in their revenue recognition and with the gap down this past earnings , I expect price to rebound going into early next year before Q1 earnings . IBM is an establish IT player making big moves in AI and 5G with over 50% institutional ownership. This swing may take a few months but I think the set-up is solid.
Entry : I have an alert set at 124.19, but my buy zone is highlighted in green on the chart and I will add at the white line shown.
Exit : Sell when the gap closes before next earnings (do-not hold into next earnings ).
Good luck!
$IBM with a Bearish outlook following its earnings #Stocks 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 81.82%.
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IBM an opportunityfor long-term investors???IBM :125
Market cap: 112 B
P/E:23
Dividend Yield: 5.21%
Currently trading at the bottom of a bullish regression channel (-3,+3).
In the past, it touched this level and each time bounced back +50%..!
The fundamental fair value estimation is 142-172 USD/share which is very likely to happen in the next trading year.
However, in the past 5 years, IBM showed that it could easily slip to 90-100 USD/share and no matter how good this company is, The price pattern says there will be better opportunities to buy IBM in the next few months!
Best,
Moshkelgosha
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