IBM trade ideas
IBM aims to stop the bearish correctionIBM price continues to offer positive attempts to stop the bearish correction that appears on the chart, as the price is leaning on the support base that 23.6% Fibonacci level forms at 181.35, making new attempts to confirm breaching the bearish correctional channel.
Stochastic offers positive signals on the daily time frame, which supports the chances of continuing the bullish bias in the upcoming period, noting that breaching 190.80 will provide strong positive motive that supports targeting the previously recorded top at 215.90.
Therefore, the bullish trend will be preferred in the upcoming period, conditioned by holding above 181.35
IBM Will Pull Back Here: Resistance Trend Line Alert International Business Machines Corp. (NYSE:IBM) is slamming into a key level of resistance. This level is at $181.15. Please note the chart below to see the trend line for yourself. Based on this resistance level and multiple other factors, IBM is an easy short here for a multi-day pullback. A $177.00 target can be used. Enjoy and profit for life.
Gareth Soloway
Chief Market Strategist
www.InTheMoneyStocks.com
IBM Daily Analysis 1/1/2014IBM Looking strong. It break out of the $172-$186 area yesterday. It broke through the down-ward resistance as well as Oct 14's high before the gap. Overall, I think we are cleared to go up to $194, which is the next major area of resistance (Sept high). I think the stock may consolidate a bit either before or after reaching $194, as it will have become overbought.
The second target is $198. I think we will get there in Feb.
Long IBM. Jan $180 Calls BTO 12/31/13.
IBM Long DailyIBM reports on JAN 21. The stock is now
breaking out after being heavily sold
I am waiting to add to the position however until the chickou line
breaks through the cloud. This is a weak buy yet from a Ichimoku
perspective however I have traded Ibm alot and have seen how
it runs up or down going into earnings
IBM - Continuance of Down TrendIBM has continued testing and bouncing off the down trend resistance line. Past two attempts saw drops back down to what's now the bottom Bollinger band at around 172-173. IBM has under performed its sector for several months now, and has seen extended negative correlation with NDXT as it continues making higher highs.