IBM trade ideas
IBM, story of a changing trend?With the down trend line broken, the EMA (50) crossing above EMA (200) and the clearing of 2 major resistance levels at 173$ and 176$ respectively, the conditions are very much in favor of more upside gains for IBM. Buying here @ 177.24$ with a stop 175.5$ first target 182.80$ if cleared on the medium run we could reach 191$ even 195$.
Catching some IBMIBM hits support on crossing necklines. Add to long term position with ~$1.5 risk per share.
Good risk reward, tight stop.
IBM Monthly Chart Pattern, Projection target profit reached!Dear Traders,
As much as technical analysis is concerned, many sources have repeatedly comment umpteen times that the simpler the chart the better, and i agree with that absolutely.
The monthly chart is in fact easy to spot how IBM prices move since 1993 and forming an ascending triangle!
The target project is actually realized at 205.5, i only have enough capital to short 10 shares at 205.5!
buy after a breakout candle, above the previous days highProbably we have a H&S pattern, followed by a consolidated retracement and another PB. moderate RR ratio
Inverse head and shoulders on IBMPrice has broken the neckline of the inverse head and shoulders pattern, I will wait for the pullback to 175-177 and enter with a stop at 167. Take profit above 200.
IBM a 200's in sightIBM showing positive technicals. Completed an inverse head & shoulders bottom and multiple bullish breakouts on good volume levels. Pullbacks are new buying opportunities. Targets on chart.
Regards
Technician
IBM , nice stair steps patternHey guys, as earnings came out friday, there was a nice breakout of stair steps pattern. I like this stock because that was a strong candle that gaps up and close very strongly with strong volume. This is the first green candle so that means that the stock is not over extended on the upside and i wont be surprise if this is the beginning of a bullish move. There was a lot of people who are trapped so i am expecting a strong upmove and i will buy it if the stock goes to 170.85 or higher depending on the gap tomorow.
