$IBM Gartley x 2-618 Looking for weakness on IBM in prz zone, watch for a move higher then fade off type move.
IBM trade ideas
IBM ShortBreakaway GAP
RSI Divergence
W%R Crossed -20
Entry 130.5
Stop 137.5
Target1 118
Target2 105
I am not a PRO trader. I trade option to test my trading plan with small cost.
The max Risk of each plan is less than 1% of my account.
If you like this idea, please use SIM/Demo account to try it.
Inverse Head and Shoulders Rising Wedge?Possible bearish rising wedge. I am not sure but there is also a possible bull flag as well.
I have noticed a bull flag will often take a security through the bearish rising wedge and then recover. If so, this would take price back down to long entry level for the inverse H&S bottom, or possibly lower.
Rising wedges are usually bearish, well almost always bearish. They form due to overactive buying and can be very long term patterns. They are not valid unless lower trendline is broken. A strong stock may not fall far and will seek a level of support within the wedge. A rising wedge has 2 trendlines that converge at the apex.
Not a recommendation.
RSI is not overbought or oversold and a flag like structure is forming there as well.
Leading indicators are a heads-up for economists and investors who hope to anticipate trends. RSI is considered a leading indicator. Leading indicators react to prices quickly, which can be great for short-term traders, but makes them prone to giving out false signals.
Lagging indicators can only be known after the event, but that doesn't make them useless. They can confirm trends and what has been occurring over time. Analysts are a lagging indicator (o:
The MACD is a lagging indicator when trading on the crossovers, it is more of a leading indicator when it is used to highlight possible overbought or oversold conditions.
IBM: All Good Things Come In Threes 🏀🏀🏀After perfectly hitting the previous two trading zones, we made a good point for our analysis of the IBM stock. Here, we expect that the price will rise above $135.86 and should remain above that level for a long time. In fact, we believe that we are going to experience a pretty nice bullish trend here. If we remain over $105.92, there is little to worry about.
Do you like our analyses? Leave us a comment!
Ibm- ascending triangle Seeing that this stock has much to do with finances, i can only assume that cryptocurrencies would get an IBM partnership or something to make it happen.
At any rate, technically this has a 73% chance of going higher.
Lets see what happens
happy trades!
Long and short positions on IBMShort options and take 10% profit or go long and stay in until we hit pre-corona levels.
The most boring stock in the market!IBM is boring and is a true example of a trendless stock! but it is predictable and you could benefit from its predictability.
IBM oscillates in a 15% range channel and its tops follow a sine wave pattern!
Inverse Head and ShouldersPossible stop below 124.80.
Inverse head and shoulders pattern does well in a bull market. I am beginning to wonder what type of market we are in as it feels a bit shaky at times. (o:
There are no rising wedges in the yearly chart which is a good thing.
Seems the market is gravitating towards securities on the value side of things and IBM has a good dividend.
Also appears to be forming a cup.
Not a recommendation.
IBM - GET READY FOR BULLISH REVERSAL TRENDBased on IBM chart, the stock should have done its wave WXY correction.
Prices in wave Y phase are consolidated within the expanding diagonal (A)(B)(C)(D)(E) pattern though there is spike of price earlier with false breakout. But prices are later further corrected to about 61.8% FIBO level.
Further breakout from the diagonal pattern will trigger buy signal and likely further confirms of reversal uptrend movement.
Happy trading!
IBM Channel ActionI've been following IBM chart closely and like the trend here for put and call entries at the upper and lower consolidation region lines. Calling top here around the 124.5 region. Purchased $120 Puts APR 16 for move back down to $118 region. Looking to exit trade MAR9 at best available premium.
$IBM Falling WedgeHeld strong through the past two weeks of correction. Still has only reclaimed half of the losses from the Covid drop last March so plenty of room to climb. IVs are super low and it looks to be reclaiming the 21 EMA this week.
small accumulation squeeze for IBM.IBM might shoot up in the next couple of days. But knowing the nature of this stock it will be only short lived. hope i am wrong but my target is possibly 128-132.
IBM Fill GapIBM gapped down due to earnings expectation.
Looks like it formed a double bottom pattern - found support at previous resistance
Enter at break of resistance at 124
Set stop loss at previous high of day (123.5)
1st Target - 126.5
IBM Going down down down 📉📉📉🔻🔻🔻😓The weekly chart says it all.
- Failing trend line resistance multiple times over the last few years
- Failing to fill upside gaps
- Very poor recent earnings as cloud-based SaaS businesses continue to eat IBM's lunch via Amazon, Datadog, Snowflake et al.
My take is that this is going sub 100 before going higher. We are currently short IBM from slightly higher prices but still view the risk-reward as attractive.
