IBM trade ideas
IBM is in rectangle / EW count / 29.09.2019According to my wave analysis; we are in b wave after a double combination which finished with a triangle. According to rule, b wave can ever never finish above the correction starting point(look irreversible line).
As a chart pattern looks you can see the rectangle pattern; if this pattern works, price will rise to 149.79. Wait for candle closing above rectangle before you buy.
IBM RUMBO A LOS 200 USD Despues de haber rebotado en la linea de tendencia principal, se ha formado un triangulo ascendente, no son muy valido ya que estamos tocando la linea de tendencia, pero alguna posibilidad hay, por otro lado los indicadores estan a nuestro favor, si el adx empieza con pendiente positiva, seguro nos vamos a los 200,
Ahora en fundamentales para mi ahora sera la mejor compania desarrollando ideas sobre la cadena de bloques, La empresa tiene a sus desarrolladores trabajando en el tema, ademas de ya patentizar varias funciones sobre la cadena. Viendo hacia el futuro como siempre IBM renacera como la mejor compania en su ramo.
Por cierto IBM es para largo largo plazo.
IBM Dividend Strategy I know people installing IBM Watson computers so I fundamentally have wanted to invest in IBM for a while now. Is now the time? Their AI is getting better at an exponential rate. The dividend yield is pretty good at 5.46. So I am looking to buy and hold indefinitely, with a lax stop loss.
IBM due for a pullbackFundamental data
IBM reported earnings and reaffirmed guidance. It was up over 5% on the news.
Trade-war:
"The U.S. Trade Representative said Tuesday 10% tariffs on about $300 billion in Chinese imports will go forward, but tariffs on some goods will be delayed until Dec. 15. Those items include cellphones, laptop computers , video game consoles, some toys, computer monitors, shoes and clothing."
The cellphones could be the reason for AAPL rallying today.
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There is a good risk reward ratio (check out chart).
IBM Call SpreadI'm buying an IBM call Spread 150/160 Cost $3.01 max gain $6.99
Expiring September 20th.
This looks like a good play, however if the market goes for a downturn this may push through it.
I think AAPL earnings will be a reflection of the tariff against China we'll have to wait and see.
Broke out of cup and handle, also OBV is rising and RSI is overbought however its printing a false signal I'll ignore it, it may trend sideways as it builds for a move higher.
Downsides are it could be weighed down by poor earnings season. That could be the only way to lose this trade unless this moves sideways.
Otherwise Risk/Reward = Green 7/10