IBM Fill GapIBM gapped down due to earnings expectation.
Looks like it formed a double bottom pattern - found support at previous resistance
Enter at break of resistance at 124
Set stop loss at previous high of day (123.5)
1st Target - 126.5
IBM trade ideas
IBM Going down down down 📉📉📉🔻🔻🔻😓The weekly chart says it all.
- Failing trend line resistance multiple times over the last few years
- Failing to fill upside gaps
- Very poor recent earnings as cloud-based SaaS businesses continue to eat IBM's lunch via Amazon, Datadog, Snowflake et al.
My take is that this is going sub 100 before going higher. We are currently short IBM from slightly higher prices but still view the risk-reward as attractive.
IBM long-term price action analysis There is a large liquidity pool that is attracting the price to it
we can expect great movements in the upcoming months.
IBM long entry LEVELSIBM stock has a side trend. If you are not IN, just wait for some movement. I think we can go lower.
ENTRY LEVELS LONG:
$118
$114
$107 STRONG BUY
IBM Long📈 NYSE:IBM Long D1
🛒Buy above = 125
🎯Target1 = 129.76
🎯Target2 = 132.70
🛑Stop loss or cancel trade = 117.30
IBM LONG BIAS IBM looks really strong to buy after testing HTF Demand. D1 demand already played out now we can use all fresh levels on H4 H1.
Goof luck
Three bullish setups of IBM on 2H(more confidence in the weekly)My trade idea is based on weekly chart. It's confluence trading with weekly demand zone & Fibs & Flip. If you don't mind the USD4 to USD5 stop loss. You can choose to enter or use call options. I'm confident on the weekly zone.
I drew three possible entry zones on 2H chart for your reference.
IBM TO FILL THE GAP WITH 10% PROFIT POTENTIALIBM is showing a nice LONG potential this week respecting the support area identified in red at $118 holding the price as expected and filling the GAP.
At the open a LONG POSITION is possible with a potential of a +10% RETURN at $131
Happy trading
Watching this ticker todaylets make some money from IBM today.
hopefully we get a good confirmation on the 15m.
$IBM with a slight bearish outlook following its earning releaseThe PEAD projected a slight bearish outlook for $IBM following a negative under reaction after its earning release placing the stock in Drift D
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$IBM$IBM Technicals on this stock is looking juicy to me. I dont really like the fundamentals but chartwise it looks good to me. Something is up.😉There will be some upward movement 4sure.
make sure you do your DD.
Trad safe
IBM - PullbackGood opportunity for long term. This also is an indication for what's to come this week after companies earnings.
TSLA MSFT AAPL
IBM - Awaiting trendline resistance to be broken the price is testing Fibo 0.618 level. Very strong level for Fibo retracement. Am waiting for the trendline resistance to be broken.
IBM1.23.21 Some "tough love" on IBM do the important work and learn to think like a trader...as opposed to a chartist...there is a difference. There is more than one way to trade...it doesn't have to be what I am doing here, but you can tell the difference between a person who only charts and a trader...in my not so humble opinion. If what I am saying resonates with you and you want to make the transition>>>>> then set up a paper trade account and ask the important question using that account: " do I have a trade here... why...what is my realistic stop and target" IF YOU CHART WITH LINES GOING INTO TWO DIFFERENT DIRECTIONS...THAT COULD BE A CHARTIST WHO IS NOT WILLING TO MAKE A REALTIME DECSION TO TAKE A TRADE AND ACCEPT THE RISK : WHAT BETTER WAY TO CHART THAN TO MAKE A PLAN TO NOT TAKE A TRADE NOW. YOU MAY BE STUCK AS A CHARTIST...BUT THERE IS A PATH TO TRANSITION INTO A TRADER...BUT PAPERTRADE FIRST SO YOU CAN VALIDATE YOUR ABILITY OR FINE TUNE YOUR TRADING. YOU CAN SAVE YEARS OF TIME AND AVOID ALOT OF PROBLEMS IF YOU LISTEN CAREFULLY TO SOME OF THE SUGGESTIONS HERE. ALL YOU HAVE TO LOSE IS A LITTLE BIT OF TIME.
IBM1.23.21 IBM : how I work a market I have not been following ( before breakfast ). I listened to the video before I uploaded...probably should have talked about bear traps and spikes, but will try to get back to that another time. There is enough here to think about.
