IBM trade ideas
IBM LONG OPPORTUNITY 1. Bullish divergence on the MACD.
2. Price bouncing on the 0.618 retracement
3. Momentum suggests a breakout may happen if it does, buying on the breakout would be a good idea.
Monthly market view of IBMAccording to the E.w. Theory we can see that IBM, in a long term view, is now on the completition of the 4th wave. In order to do so it has to do one more leg down withe the start of it between 160/170 price range and the end between 100/80 price range. Obviously the end of this move coincide with the start of the 5th macro wave.
For make a summary of the analysis:
Short term (1-4 month) = we are long on the IBM until it touch 160 level.
Medium term (1/2 year) = we are short on the IBM until it touch 100 level
Long term ( more then 2 year) = we are long on the IBM until it touch at least 200/240 level.
IBM -Bullish Flag is triggered -TP 169$ ?IBM with a calssical bullish Flag!
Two psoitions are thinkable:
Long: Stopbuy @ 154,10$ - TP 169$
Short: Stoppsell @ 142.5$ - TP 130$
The Zone between these mentioned levels seems to be neutral from a procycical view. - here is no Action needed.
If u prefer anticyclical positions, a shortposition at the actual Level could be interesting to short IBM
In my Chart i have illustrated the two procyclical positions
Good Luck
IBM multitimeframe resistanceThere is a short resistance (green line), long resistance (red line), market is extended. For my point of view good short enter with good risk control.
IBM Long with a short S/LHi,
The usual long with a short S/L. I've been pretty successful so far in these daily charts, lets see what happens here
IBM Bullish 153 level keyAbove all the MA's, today's price action broke the downtrend line. Next resistance is @153. If it breaks 153 with good volume prices could see 160's fairly quickly.
gap up above cloud strong group out of favorrelative strength good-stoc crossed-adx start of trend-wait for good opening bar-stop loss close in daily cloud
Put SpreadAfter positive earnings , it's the appropriate moment to go into a Bull put credit spredit
