LONG on IBM ready for break out.The overall market did not do so well today. Netflix, Apple and other large tech companies experienced significant sell-offs today as well. Despite all the red across the tech board, IBM managed not only to stay positive, but it has experience some significant buying pressure. IBM is also very close to the 200 sma and is making higher lows towards it on relatively solid volume. The bulls are showing dominance. The volume on the day is about 3.1 million so that is very close to the average of 2.99 million. Increasing volume will be a great confirmation of this move. I have taken a long position, however, I still treat this like all other trades and keep my stop-loss relatively tight just incase there is something I might not be seeing.
IBM trade ideas
IBM Could Be Breaking HigherUsing the 52wk high to draw the top of the range, as well as the 52wk low to draw the bottom of the wedge formation, we can see that IBM is coming to a crossroad. While it's been in a downtrend for the past 8-9 months, the last 2 months have shown a bottom form and tight consolidation.
In the next 3 weeks, this will make a move. I'm betting it's up.
Short on IBM for 5% dipDecreasing triangle here in a downtrend. Getting a short position here around 148, looking for a dip to at least 140 (where we found a few time resistance lately). Did so with a IBM SL 165.60 HB 4.49 FN 179.07 R 10.00 BNP Paribas Turbo Short. Little margin between the most recent peaks before this triangle and the Stop Loss level.
Target is a 20/25% ROI before the end of the year.
International Business Machines: IBM$IBM Never actually been a big fan. However the word on the street seems that they are getting back on the right track. Expecting decent earnings forecasting the next 90 days target at 168.50 if all goes well we should start seeing new trading levels around 160.00 to 170.00:
Entry: 143.30
Target: 168.50
Stop loss: 138.00
Time line: 90 days
Long Term
Looking forward to any comments or idea because we know conditions may change, also please visit cadets.cytogrp.com for more info.
IBM KNOWSIBM is very active and is investing in crypto.
Crypto is know for his volatility and people are scared about it.
If you don't like to buy crypto you can look for stocks who believe in crypto and are ready to do something with it.
Crypto is game changing and as soon as people will understand the business applications in the real life of crypto you will really see an explosion of the whole market. I'm sure about that.
If you still don't believe it but you want not to miss out a big opportunity, IBM could deserve us some satisfactions.
On the short term:
IBM is actually correcting since ATH on 2013.
A longtime trendline is not so far from here. If you see in the next month the price falling to 130 then you have to know that we are closing the last leg of a bullish bat and entering on a demand zone.
enjoy the run
BIO
This Shit is Next Level: Years from now, Because IBM has been building it's arsenal,
oh yea, Amazon, Google, ect... Blah,
IBM still has that aura about it,
+IBM just announced a debate ai, \
LOL Just what I need right, Turn it on during a dinner conversation and Peace!
Not exactly at the moment,
Their plan is to- Help with Search, !?!!%$#$#
yes, that consistent google search for item x, research opinions, think about alternatives Garbage
AI Google Buttler, AI assist me with goals, Hmmm should I go to soccer practice or should I get some much needed rest....maybe a stretch
Hmm were starting a nicknack buisness should we go with a office or outsource,
Oh great idea, and you priced up items for our team, WOW,
The early stages seem to be a web of connections driven to aid in decision making, but the future is Golden, As their Watson ; is Begining to lay dem golden eggs.
IBM has streamlined, and gone back to good old garage-nerd
And Shit will be quick in the year(s) ahead.