IBM is still processing wave b in red – the second step of a three part downwards movement, which should soon lead to the low of wave B in turquoise. As soon as wave B in turquoise is complete, the share should turn upwards to climb above the resistance at $139.47. There, IBM should conclude wave 2 in green before a significant downwards movement should take hold....
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IBM is setting up for a continuation of the overall annual trend of the 3 month chart where it looks like IBM will hit close to $200 in the months and years ahead We have Bullish Divergence, market exhaustion on the annual time frame along with over sold indicators indicating bulls returning to the market.
IBM correcting from the downside and has begun to continue it's annual bullish trend. Bullish Divergence on the 3Month chart indicating a huge bullish movement above $200 in the coming months ahead. Oversold and market exhaustion on the downside showing bears are loosing momentum and bulls are entering the market
Analyzing the options chain of IBM International Business Machines Corporation prior to the earnings report this week, I would consider purchasing Puts with a 120usd strike price and an expiration date of 2024-1-19, for a premium of approximately $6.70. If these options prove to be profitable prior to the earnings release, I would sell at least half of them. I am...
IBM is on the verge of breaking down from a rising wedge. It is a simple short setup from a key area.
Order SELL IBM NYSE Stop 136.56 LMT 136.56 will be automatically canceled at 20230401 01:00:00 EST IBM daily bearish hammer end of wave 5 expect ABC correction at least.
Just retesting a longterm breakout In a clear uptrend 50% retrace from recent highs versus October 22 lows, which was a divergent low AI Hybrid Cloud Edge Cloud Quantum Computing Digital Twins R/R 15% downside vs 150% upside, stop below October 22 Low G R Industry 4
This 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...
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IBM looks really good for the long term. Against everyones expectations the stock market is going to boom.
There'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...
IBM is overbought and overdone. Can go to $152.57 If already short I would ADD at $150, $152, $154 etc. New moon phases begins and I would expect a correction to $144 then $140 in coming days. For options Jan 20, 2023 $140 puts look best
CTAS IBM CINTAS CORPORATION - CTAS INTERNATIONAL BUSINESS MACHINES CORPORATION - IBM I sold 8 shares of NYSE:IBM for every one sold share of NASDAQ:CTAS - No stop loss. ---- Happy Trading!
IBM - 30d expiry - We look to Sell at 134.98 (stop at 139.41) The medium term bias is neutral. Trading has been mixed and volatile. Expect trading to remain mixed and volatile. The trend of lower highs is located at 136. Preferred trade is to sell into rallies. Short term momentum is bullish. Early optimism is likely to lead to gains although extended...
Very familiar stock Vol at about 7M pattern looks fairly clean could get in at entry, only paper trading this one myself.
International Business Machines Corporation is an American multinational technology corporation headquartered in Armonk, New York, with operations in over 171 countries. IBM was able to make a Head and Shoulders Pattern near the resistance line and resistance zone. IBM broke the neckline & support line at the same time, and I expect that IBM will go down at...
I just checked in a long timestamp and found that bullish channel has been broken, also right now I saw wave B is ongoing which makes confluence with H-C-H pattern and bearish Edge pattern too. We can see squeeze momentum is also ready for this bearish trend and CRSI is pointing too.