IBM trade ideas
IBM: Hoping For Long Out Of Very Strong ResistanceExpecting a nice move out of IBM soon. The resistance is very strong, and once broken we could see a strong move as a decision has finally been made.
We had a nice bullish kicker yesterday trading day. Whilst the days trading before that supported on the 50EMA. Creating a morning star/kicker signal at this level.
Waiting to see strong buying before I enter this trade.
IBM Gap up on monday? I have recently being reading a lot of about institutional buying and selling. And this looks like a perfect accumulation phase from the institutions
IBM Gap up on Monday?Based on recent material I have read about institutional buying and selling this looks like a perfect accumulation phase. Notes are on the chart :)
Countdown to the Q12015 earnings report.Expecting a result of the earnings report to force this stock to move outside of this range, with the H&S pattern confirming that a Long trade may present itself with a potential good R:R
Last week's Elite Zone winner struggles with resistance$IBM was one of our winners, in the Elite Zone last week with an impressive breakout of a descending trading channel we've been monitoring. Now, when it is at the top of my buying zone, the question is, can $IBM make it above 165$ to continue to my secondary target level - The 200 SMA line?
It all started with a bullish AB=CD pattern on the weekly 61.8 Fib level.. so the potential is there. Will we see another retracement lower, before the next rally?
Bullish longer term, cautious short term
IBM $164.52: Confirms a higher base on rallying through FebruaryIBM rebounded off the 153.40 low (March 13, 2015) through February’s 162.49 high to confirm a higher base over the former and trigger further strength towards 165.59 (October 31, 2014 range high) ahead of last October’s 170.33 gap low (October 20, 2014 high) near the 200 day moving average currently at 169.53. 160.35/158.81 (March 20/19, 2015 lows) serves as the immediate support zone where buyers are expected to step in.
Keep knocking on the door and it'll eventually break.Been watching this level since the start of the year, it seems that bulls refuse to give up IBM.
Knocking on the resistance of $164 again and again over the past few months. Eventually, bears behind the door might give way.
Open: 164.69
S/L: 162.01
T/P: 178.07 (gaps)
Earnings might be the catalyst, I've my algorithmic orders waiting.
$IBM$IBM [ nice bull flag. It was a while IBM give us such nice and clear set ups. Double stochasics set up on 1 H and Daily charts
IBM Perfect Gap N Go (Brad Reed Jan21,2015) Try #2IBM expected to open at 151.82 for a Perfect Gap N Go. To learn to trade this strategy for free go to www.RealLifeTrading.com
This Zone should hold for the stock to start its pullback180$ is an interesting target level for an upside pullback. In order to do so, $IBM must hold the current support zone which includes both structure and Fibs confluence support elements.
The weekly AB=CD pattern was the trigger for my entry
IBM, from long to shortMy long entry at 160 & 161 were unsuccessful. Price turned against me
haha caught with my pants down
Make some losses and so quickly turned short at 159.70 and immediately turn short, next quick target around 153.70
RSi trendline was broken, but overall bullish divergence still in play until signal break below prior RSI low.
I expect to see a double bottom.I don't believe in a rise that occurs outside of the B Bands. Therefore, we must give them time to turn around.
IBM's well oiled wheel could be about to drop off. Just read this article on www.marketwatch.com
"IBM
• Sector: technology
• Market value: $160 billion
• 2014 return: -13%
While most large caps have risen from October’s slide, IBM has been left behind. That means a great buying opportunity for long-term investors.
IBM is one of those mega-cap tech stocks that have a place in almost every portfolio. For starters, there’s the 2.7% dividend yield and a history of payouts since 1916. There’s also the stability that comes with a company that does roughly $100 billion in annual sales and sports over $14 billion in cash and investments on its balance sheet."
Source full article : www.marketwatch.com
One could dig real deep and find all sorts of justifiable reasons why such reputable company should continue it's upward price trajectory in to indefinite future.
However, from the price history on this chart, I suspect that we have just completed a 5 wave cycle that could be also a larger 5 wave cycle that began from bottom of 1929-1932 Wall Street crash. See the chart of Dow as surrogate for the sector.
Even ignoring the price history before 1980, having completed 5 wave cycle, EW guidelines suggest price correcting to wave 4 low of one cycle degree lower. That suggest a ball park figure in the region of $70-50 area.
Is it the right time to buy this stock or many others like it. I think not. Rather wait for few more year and pick it up at bargain basement price may be $50 or lower.
Or better still consider long term far out of the money PUT Options and sit back.
As always do you own analysis. Select to follow me and the chart for any future updates or new charts. Share it freely with others you feel might benefit from this chart.
If you have specific alternative view and chart to share please feel fee to do so.
IBM, short term longUpon releasing the bad earning results, IBM gap down and followed through to channel bottom as can be seen from the massive volume. I considered this as climatic selling.
Price move upward and got rejected by 8ema again and touching channel bottom again on Thursday.
Both long at 161, then 160 were triggered, the short-term target is 172.4
$IBM Update from 1.5 Years AgoEverything working as planned. See you in the 130s.
First Update:
Original:
Downtrend for IBM crystallizesIBM just reported less than expected earning, price manage to find its way to current downtrend channel bottom.
I see a support around 157. So i gotta be patient first.
Will $IBM Hold 165.97? It's unlikely but may take the market Today's price weakness to hold above 170 was a big concern and a sign of big guys are not ready to jump in now. If what we see is accurate, there is higher chance that $IBM may finally retest 155 area next 3-months and that could be a market indicator for what to come next 3 months. If you decide to take a short position, make your stop lose at 172.5 with target prices 155 and 145 area.
I got some attention from Buffett24days ago, i posted on IBM's consolidating triangle since the appearance of shooting star on 9 Apr.
I took a risk on 25 Sept to short when the price got rejected by my 8ema & 20ema (posted in real-time as you can check the different in candle).
When the price broke down of the smaller triangle bottom, and followed by the broke down again of the bigger triangle bottom, i knew my odds are in good hand.
My original anticipation is for the price to retest the bottom of the bigger triangle before the next lower low.
And, since i am ready to lose first before i make handsome gain, i am mentally prepared for IBM's earning to beat analyst's expectation. If that is the case, the price will surely GAP UP and perhaps testing the 200ema. Then i would have to hold the options longer until the price drop
Hence, somehow it is just an early Christmas gift from Warren Buffett (IBM is one of his holdings)
In a matter of 3 weeks, i shorted KO & IBM, i think i got some attention from Buffett, he he
NOTE: Holding an options and carry it into earning can either slaughter your gain or flush you with handsome gain. But always be prepared to lose first
