IBM in bearish patternFurther decrease of price into the falling channel and a breakdown price below the lower channel trend line will signify a bearish pattern. Best to await confirmation if the price goes into the falling channel.
Recent quarterly results have been very bad - missed target by 26%, declining revenue and no forward guidance provided either.
No potential of DMA support as price is now substantially below the major 3.
Hammer doji, which was within the downward channel did provide a price increase above the channel but failed to ignite a recovery: the increase was small, not backed up by a major volume increase and was followed the next day by a decrease back to the upper channel.
RSI is over sold.
IBM trade ideas
019. PIGGISH PLAY - Short IBM's Mediocre EarningsIBM is so... so.
What I mean to say is that IBM is the epitome of mediocrity. The stock price ebbs and flows with the zeitgeist of the overall market. Seeing how this stock has paved its way into a well-established, clear downtrend, the play is rather straightforward given the in-line status update last night:
1) When you see yellow flames, they either:
i) diverge into green flames and move to the top trendline, or,
ii) diverge into orange flames --> red flames and down to the bottom trendline
2) Given their unsurprising mediocre report yesterday, I'd bet the farm that its the latter this time around
3) If using equity, enter on the open, set stops and limits according to the chart's annotations
4) If using puts, I recommend entering 120 strikes (10/30 expiration) and holding until ~105-110 for a solid premium flip
Today's market is primed for shorting the mediocre companies because of the fearful/bearish undertone established yesterday.
IBM is just the tip of the average iceberg, yet it will slip and slide just as well.
- So-So Pig
NYSE:IBM
SPCFD:SPX
NASDAQ:NDX
Thoughts on IBMLooking at the 3d chart for IBM and it does not look too promising. They have reduced their buyback activity, which was one of the reasons the stock did so well for so long. RSI looking bleak and the implied volatility is starting to go up.
Unless something wild were to happen, I would expect this to see further downside.
Note: This is the 3d chart, so i am expecting it to chop in this range for a little bit longer before it continues down.
IBM to Long, Wedge BreakoutCondition:
1. Wedge Breakout
2. re-test trendline
3. SMA50 as support
Entry 126.5
Stop: 121.5
Target: 145; reward:risk=3:1
I am not a PRO trader. I need few months to practice trading strategies.
If you like this idea, please use SIM/Demo account to try it, until my trading plans get high winning rate.
IBM earnings 10/19 at 4:05pmFor Q3 earnings IBM is expected to report revenue of $17.6B with a non-GAAP profit of $2.58 / share. But that’s not the exciting part. Expect to hear more about IBM plans on a spinoff cloud strategy. CEO Arvin’s Krishna said that the company would be “laser focused on the $1 trillion hybrid cloud opportunity.” (Credit: Barron’s) My price target is $135. Good luck and happy trading friends...
IBM Earnings report will be published todayNYSE:IBM The American technology giant publishes its quarterly earnings report with a very optimistic forecast.
The report will be published after the market closes.
Earlier this month the company announced that it is splitting itself into two separate public companies, a move that could attract new investors due to the result expected - a cut in the share price.
In recent years, the company has been mentioned as irrelevant and unable to keep the technology development speed like other leading tech companies such as Apple and Samsung but, with more than 350,000 employees serving clients in 170 countries and a great roadmap for long term development projects, IBM is absolutely still is considered a tech giant.
Analysts expect a Gross margin of 48.4% for the quarter.
Over the last 2 years, IBM has beaten EPS estimates 100% of the time and has beaten revenue estimates 38% of the time.
Revenue in 2019: $77 billion
Quarterly Revenue Forecast: $2.58 billion
#IBM LASER PARTY!! LONG TRY TO EXPLAIN IN THE CHART WHAT I'M LOOKING AT.
FROM THE HIGH AT FEB 5 AND RETRACE LOOKING TO BREAK THE BLUE LINE, ANY REJECTION WILL BRING PRICE TO 114 ( BUY AS MUCH YOU CAN THERE), IF THAT HAPPENS LOOK RE ENTRY ONCE BLUE LINE IS BROKEN.
$131 SOME LEVEL FROM LONG AGO (IMPORTANT)
WHAT I WOULD LIKE TO HAPPEN:
AFTER ENTRY LONG, QUICK POP TO T1, TOUCH RED LINE ABOVE AND T1 BECOMES SUPPORT TO HEAD TO T2.
THE RESISTANCE AT T3 IS MASSIVE , EXPECT TOUCH AN REJECT OR OVER SHOOT AND RETRACE AGAIN, MAYBE RED LINE COMING FROM 20 MAR 20 SO LOOK TO RE ENTRY LONG THERE.
ONCE 175 IS BROKEN WILL SEE UP TARGETS, HAVE FUN!
IBM EarningsChart pattern looks familiar, and you know they gotta pump something to make the Dow go up for a double top.
Earnings Monday after close. In for a handful of calls. Safe play would be to wait until after they announce, but what the heck, lol. I've seen them pump this crap even on less than stellar earnings.
IBM LONG SET UP (SIGNAL)TITLE : IBM BUY LIMIT ORDER
ASSETS : STOCK
SYMBOL : IBM
ORDER TYPE : (EP1) MARKET ORDER (1/2) position size (partial low lot entry)
(EP2) BUY LIMIT ORDER (2/2) (Now enter rest of position)
TF : Daily
ENTRY PRICE 1: $125.30
ENTRY PRICE 2: $122.30
STOP LOSS : $118.30 (70 PIPS)
TAKE PROFIT 1- $132.30 (70 PIPs)
TAKE PROFIT 2- $139.30 (140 PIPs)
TAKE PROFIT 3-$146.30 (210 PIPs)
STATUS : active
IBM $120.75 Entry / Great Recovery Company0. We are looking at IBM lately, and like what we are seeing.
1. We like IBM, summed up here:
IBM Deep Dive: Strategy Shift Driving Growth; Attractive Share Price And Dividend Yield
Summary
IBM is successfully pivoting itself away from its declining legacy products and towards growth as a cloud, software, and services company.
60% of IBM’s revenue is recurring, and the Company touts a long-tenured, highly diversified customer base.
For the first time in over a decade, we expect IBM to return to sustained growth in 2021, driven by a successful business transition.
Considering IBM’s forecasted growth, thecurrent valuation levels are highly attractive.
IBM pays a handsome dividend yield of 5.3% and has a 25-year history of increasing its annual dividend.
seekingalpha.com
$IBM Expectd sharp move after 4 months of consolidation $IBM was on very ugly consolidation after March low . its even did not join the party of Tech stocks and formed 4 lower highs with 3 higher lows . all scenarios are possible. it could target 144 and 106 on coming days but indicators showing negativity which suggests more down trend targeting 106 or even march lows.