IBM trade ideas
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.
IBM - not able to cross the 19 Moving averageChecked with the Weekly and Daily chart. Trends & indicators double checked & confirmed with the 4,2 & 1 hour charts.
EMA: 19 below the 50 and the 9 is crossing below the 50 pointing to the 19
CCI with averages: bounced the +100 and pointing down
Momentum indicator: pointing to the down trend
MACD: Oscillating near to below the zero; bearish momentum
RSI: touching the bottom; oversold
Bollinger Bands: below the MA & touching the Lower Band
Volume: Bearish but reducing
Conclusion : SELL target price to 135 and if trend continues the next & final target would be somewhere between 129-125. Watch out the stock chart and how the market is moving.
Trader's Tips, Part 2: IBM And The Bearish AB=CDAs I wrote about in the previous chart for-AAPL, pay attention to the "W" pattern,
As well as the bearish AB=CD pattern (above).
Above, the indicators turned negative for-IBM after point D of the AB=CD, and-IBM sold off.
Then, IBM-halted at a double top, and sold off again.
Take the time to look at how many DOW-30-stocks have negative formations.
This will give you an inside track as to the direction of the overall market.
Today's Nugget: “The four most dangerous words in investing are “This time it’s different” . John Templeton
May all of your trades go well. Don.