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IBM trade ideas

Great Reset Investing: The Industry 4 Index The great tranny-sition from Industry 3 to 4 is upon us What’s cute is they’re going to take these beaten down stonks and work their cheat sheet magick whilst you’re left hodling your Google bags at the top Industry 4 needs web 3 software, next generation wireless tech and edge enabled hardware; and ofc quantum computing Of all the biggest tech I can see only Meta (web 3/ metaverse/ crypto) and Tesla (ai/robotics/Elon) keeping up But value wise these are I believe da bestest GRI 4.0
NYSE:IBM
by Great_Reset_Investing
IBM - Longer Term Short TradeThis stock was brought to my attention by one of my followers requesting my opinion. WEEKLY Linear chart... This looks juicy ..... I believe this is poised for a substantial drop. Capable of producing a return over 50%. Longer term put option or a LEAP may be in order here. I believe we have just completed the "B" wave on a long term Elliot Wave sequence. The target price will bring us back to the wave 4 termination in the mid $60 range. A price move over the descending white channel line into the $160 range should be used as a stop. Good risk-reward at this point!
NYSE:IBMShort
by oliverrathbun
3
Watchlist 2023-01-26 #LEVI #IBM #XRX #CVX #RUNSPY found support early in yesterday's session at the important 393.66 level. Then shorts failed to keep control for the remainder of the day. Key pivot level today is 402.63. After that, there is little resistance to the last CPI high at 410.20 from Oct 13. Bias Is high but the market loves fadeouts so be sure to watch for high volume reversals after breaking key levels. LEVI - Breaking out of a monthly range. I it can hold the 17.50 area, which is the pivot high and the 200 day, we could see it higher to 18. However, since it's up 2 ATRs in the PM, the better risk reward trade is a gap n go from 17 IMO. IBM - Looking weak AF after earnings. 137.30 pivot ideal spot to sell. Wait and see trade, if it looks incredibly we can get in early with target to 200 EMA at 134.38. XRX - Conversely with a double earnings beat and modest guidance. Double top turning into support and 17.57 is ideal zone to enter on strength. 18 isn't a very clear target so PM high is likely the best zone to sell. Other watchers: CVX - dividend increase and a massive 75B share buyback. RUN - after yesterday's capitulation
NYSE:IBM
by UnclePennybagss
Rushing ThroughNow we managed to fall below the classical pivot. Usually it would look like if we have sufficiently corrected the October-mid December rise. But as here is not only the pivot but a twice confirmed former resistance point it is as much important that we may even see a much deeper corrective decline to the direction of the 78 % Fibonacci level as a magnet. Whether it will really fall as deep is not clear of course. There are some obstacles to overcome on this way and everything will depend of the development of the momentum in the weeks ahead.
NYSE:IBMShort
by motleifaul
Rising WedgeBearish W that terminated near the 1.618. Price has hit target 1 of the down targets and is below the bottom trendline of the rising wedge. Price broke upward from this wedge. No recommendation. We have had a few down market days in a row. Perhaps recession fears are hitting folks, but how quickly this market forgets. The market will be reminded once again. There will be possible chop and rallies up when we least expect it. Be safe. Short with a possible pause or even a bounce at each target down.
NYSE:IBMShort
by lauralea
Education: Topping Tail And Resulting Drop On $IBM + Buy LevelThis is a fantastic example of a topping tail on the IBM chart. Note the topping tail is 1. at the highs of recent history, 2. The tail (wick) is 50% or greater of the entire candle length, 3. The body is 50% or less of the entire candle length and 4. the close is in the bottom 25% of the candle. Note the 50% retrace the next day giving a great short entry and then the massive drop today. Target is the scene of the crime as noted on the chart. This becomes the buy level for a bounce. Note: This is not financial advice, speak to your financial planner.
NYSE:IBM
by GarethSolowayOfficial
3
IBM ... Small bumps ahead ?Since mid-October IBM has produced a nearly 35% gain This would appear to have traced out a bullish impulse wave (1-2-3-4-5) It has also created a possible Wolfe Wave top with a short term downside target of $143-$144. Additionally one could envision two harmonic patterns in development. In the shorter term which a Gartley pattern supports the WW thesis. The longer term a Bat pattern supports the 1/3 retracement scenario of the October move. With an eye on the Fed's actions next week and broader equity markets I would be looking to sell IBM price strength with a tight stop should be breach recent highs. I will follow up if I feel a short position is warranted. As usual this is not investment advice, so do your own due diligence. S.
NYSE:IBM
by Steve666
2
$IBM Golden Cross RejectionThere's no reason for a golden cross here. See the spinning top candle on the 1D chart at the top of the chart indicating a top. You can bet that people have been betting against IBM for the whole time it's been mooning. The top is finally in, both in this stock and SPY/Macro in general. The only reason this has pumped was due to post-dividend distribution market mechanics in my opinion. With dividend distributions completed + Net Capital times passed, it's time for this stock to dump along with the market.
NYSE:IBMShort
by leenixusu
1
IBM - Harmonics (theory)The first thing to look for when identifying the Bat pattern is the impulsive leg or the XA leg. We’re looking for a strong move up or down depending if we either have a bullish or a bearish Bat structure. The next thing that needs to be satisfied for a valid Bat pattern structure is a minimum 0.382 Fibonacci retracement of the XA leg and it can go as deep as 0.50 Fibonacci retracement of the XA leg, but it can’t break below the 0.618. This will create the B leg of our Bat pattern. How to trade the bat pattern The next thing we’re going to look for is a retracement of the AB leg up to at least 0.382 Fibonacci ratios, but it can’t go above 0.886, and this will create our third point C of the harmonic Bat pattern strategy. The last thing we want to establish is the D point and in order to get to the D point, all we do is to find the 0.886 Fibonacci ratios of the impulsive XA leg, which will result in a deep CD leg and finally it will complete the whole Bat pattern structure. In the current scenario, I presented also a surprising correlation between the time cycles, where the X and A leg time frame could indicate potential CD range. As described above - if this scenario turns true and price action will indeed form a bullish harmonic bat here, the initial retracement could potentially reach levels of the previous low of this cycle (X). This is just a tutorial and an idea for a potential Long, at the bottom of the formation and end of the current time cycle - nevertheless, I mark this idea as Neutral and place IBM in my 'watched' list.
NYSE:IBMEducation
by crypto_poet
Rising WedgeThis is an example of a steep rising wedge. Both trendlines slope up and contract at the apex. This pattern is not valid until the bottom trendline is broken which is not gonna be too difficult considering the steep slope of this wedge pattern. No recommendation. Example of a Falling wedge which is Bullish and the trendlines narrow or contract to the apex, followed by a very steep rising wedge. A falling wedge is not valid until the top trendline is broken. If price turns down here this would be a Bearish Nen Star that terminates at the 1.272. The Nen Star have valley 2 lower than valley 1 in the bearish version. Bearish harmonic patterns are only called bearish because they reverse down at the end of the 4th leg but can be very profitable as a long one were to get in at a good entry level on the 4th leg. With the market as strange as it has been, price could go even further though. If you do not know what to do, sometimes it is better to do nothing (bear market rallies can be a feeding frenzy, the big guys get full and move on so knowing when a move up is overextended can be very, very important. This is also a W pattern that I am not delving in to in this post. Good luck!
NYSE:IBM
by lauralea
2