IBM trade ideas
IBM might see reversion higher from hereThis is not a pretty stock. I do like how this retest of the descending wedge is not at fib fan resistance. Legs more likely for this beast. Market Dependent. It is coming off a solid quarter and guidance.
IBM gap fillingNYSE:IBM Hi guys I post my trading idea for IBM . I have the belief that IBM is going to fill the gap between the price levels of 17/4/2018 and today . The view came to me from the indicators i use is hopefull because ADX is aboce the bottom leves and +DI is at an uptrend , also RSI is at an uptrend and the price of IBM has to go higher to reach the levels of overbought levels of RSI . The market generally tend to fill those gaps everytime so i think that long trade at IBM with a take profit at 158$ is a good trade. Also the price didnt break down the level of the EMA(200) so as it hold the price above the EMA(200) it has a serious probability to go high again. Have fun !
IBM filling the negative gapHi guys , I post my trading idea for IBM. I think that IBM is going to fill the negative gap from 17/4/2018 the indicators I use signal me to go long at IBM , because ADX is at an uptrend and +DI is at neutral price levels , so I think that they will continue to overbought levels. RSI also is at probably high levels with a difference of 20 points from highest levels so the combination of those 2 indicators are good for a buy signal. Also the price levels of IBM didn't broke down the levels of EMA(200) and hold the price level above that median. So the price level gap of 17/4/2018 tends to be filled so a buy signal with a take profit at 158$ , I think is a good profit for that trade. Have fun guys !
IBM Seeking BalanceIBM was very stretched at the Warning-Line 1 and is now seeking balance.
So we go from extreme back to balance. It doesn't matter how you call it....Mean-Reversion, Action/Reaction or even manipulation...
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IBM pushing out of a down trend range150.60 is the post earnings high I am watching. Yesterday after hours we were close. This one looks primed to rally into earnings season. It had a nice pop off earnings and guidance last time so a run up here would be logical. Only thing likely hurting the stock is all the tariff talk.
IBM SELL FOR SHORT TERM , BUY FOR LONGER TERMFor short term, wait for the price to hit the upper trendline of the pattern and watch strong price action for sell.
As a longer term investment, wait for the price to hit the bottom of the pattern and watch strong price action for buy.
Don't take a trade if you don't see clearly when big guys are in.
IBM coming off the lower FIBS historicallyStrong company with big plays geared toward future growth.
IBM - Breaking Out Big Blue has been one of laggards in the tech sectors. After years of innovation, performance has been lackluster. This has seen the share price under-perform as market participants seek higher growth counters. Technically we see the price attempting to break the downward trend line with the price also above the 20 and 50dma which is starting to turn up.
IBM Ascending Triangle SetupLet this plane take off and lets profit boys and girls. Expecting a throwback at upper black dashed resistance line.
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 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.
IBM - Long TermWeekly Chart of IBM and my estimated trajectory. 4% dividend. First target around 160, and repurchase on a pullback around 150 for move above channel.
50M Dividend yield 4 Rating 4/5 c/50Dividend yield more than 4%
Rating >4
Close / Sma (50)
50M volum
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.
IBM: Breakout or Breakup?Based on the charts, we think that IBM is close to a breakout. It has been moving (downwards) towards the long-term trend line (the one moving upwards), which is also a nice resistance line. Keep you guys posted.
