Trading the Elliott Wave Principle - Part 4 (2)This chart is part of our educational article "Trading the Elliott Wave Principle - Part 4."
IBM trade ideas
IBM | 1H | Ready for buying callsIBM is moving above rhe trend
Previous reistance point out.
Price is above the 200ma red line and just broke above the 100ma purple line.
Lets go!
IBM is in rectangle / EW count / 29.09.2019According to my wave analysis; we are in b wave after a double combination which finished with a triangle. According to rule, b wave can ever never finish above the correction starting point(look irreversible line).
As a chart pattern looks you can see the rectangle pattern; if this pattern works, price will rise to 149.79. Wait for candle closing above rectangle before you buy.
Turning DownThe window has been closed and the momentum is running out of steam. Another test of the 140 is due.
IBM RUMBO A LOS 200 USD Despues de haber rebotado en la linea de tendencia principal, se ha formado un triangulo ascendente, no son muy valido ya que estamos tocando la linea de tendencia, pero alguna posibilidad hay, por otro lado los indicadores estan a nuestro favor, si el adx empieza con pendiente positiva, seguro nos vamos a los 200,
Ahora en fundamentales para mi ahora sera la mejor compania desarrollando ideas sobre la cadena de bloques, La empresa tiene a sus desarrolladores trabajando en el tema, ademas de ya patentizar varias funciones sobre la cadena. Viendo hacia el futuro como siempre IBM renacera como la mejor compania en su ramo.
Por cierto IBM es para largo largo plazo.
IBM Dividend Strategy I know people installing IBM Watson computers so I fundamentally have wanted to invest in IBM for a while now. Is now the time? Their AI is getting better at an exponential rate. The dividend yield is pretty good at 5.46. So I am looking to buy and hold indefinitely, with a lax stop loss.
Economic Recession News Alex Vieira IBM Bull Turns Bearish The recession is here Alex Vieira urged investors selling IBM going short
IBM due for a pullbackFundamental data
IBM reported earnings and reaffirmed guidance. It was up over 5% on the news.
Trade-war:
"The U.S. Trade Representative said Tuesday 10% tariffs on about $300 billion in Chinese imports will go forward, but tariffs on some goods will be delayed until Dec. 15. Those items include cellphones, laptop computers , video game consoles, some toys, computer monitors, shoes and clothing."
The cellphones could be the reason for AAPL rallying today.
--
There is a good risk reward ratio (check out chart).
International Business Machines (IBM)Short term bounce to the downside. May see a bit more consolidation before dropping.
NYSE:IBM
IBM Call SpreadI'm buying an IBM call Spread 150/160 Cost $3.01 max gain $6.99
Expiring September 20th.
This looks like a good play, however if the market goes for a downturn this may push through it.
I think AAPL earnings will be a reflection of the tariff against China we'll have to wait and see.
Broke out of cup and handle, also OBV is rising and RSI is overbought however its printing a false signal I'll ignore it, it may trend sideways as it builds for a move higher.
Downsides are it could be weighed down by poor earnings season. That could be the only way to lose this trade unless this moves sideways.
Otherwise Risk/Reward = Green 7/10
IBM KEEP IT SIMPLEJUN 30 2019
THIS IS A GREAT DIVIDEND STOCK. A GREAT COMPANY WITH A GREAT BALANCE SHEET. I WOULD BE PATIENT AND BUY ON THE DIP AND AVERAGE DOWN IF IT GOES LOWER.
IBMLook at this BS, declining revenue and it still goes up.
In any case, I'm not shorting it here just because MSFT is reporting tonight. they always beat which means the Dow will gap up and take IBM with it. Don't really need to open a short position on a Friday, I think I'll reassess this on Monday.
Overbought with huge divergence.
Short IBM Overhead resistance $151 back to $144IBM - In my opinion this doesn't have the fire power to stay above the fibonacci level $148 or break the $151 trend resistance level. Should pull back to $144-$145.
IBM earnings AH tomorrowPOS filled the gap from the previous earnings, will more than likely suck again.
Not playing this one, do your own DD. Just wanted to remind followers of earnings report. Got a feeling NFLX and IBM will tank futures tomorrow after market close.
