IBM is beginning to break out on the weekly chart from a trend line that was acting as strong resistance for over 8 years. Recently the company has unveiled the world's first 2nm chip and announced previously that it will begin focusing on Cloud and AI which will serve the company well as those are two large secular growth stories. Go Long IBM. Trades at 9.79...
On May 26, the price broke through the resistance level of $ 141 and went up to $ 148, from where it rebounded later. Now the price is testing the $ 148 resistance level again. If it breaks through and consolidates there, then there is a growth potential of $ 155 or may rebound to $ 141. It cannot be ruled out that the price may move sideways for a while, until it...
On May 26, the price broke through the resistance level of $ 141 and went up to $ 148, from where it rebounded later. Now the price is testing the $ 148 resistance level again. If it breaks through and consolidates there, then there is a growth potential of $ 155 or may rebound to $ 141. It cannot be ruled out that the price may move sideways for a while, until it...
IBM monthly chart is potentially about to breakout of an almost decade long triangle pattern . 50 EMA came down to the 200 EMA and just turned back up. If it breaks out successfully I would expect prices to go back to the 2013 ATH .
IBM closed slightly above a trendline resistance for the first time since 2013. Also an underrated and overlooked aspect of IBM is they're one of the largest players in blockchain technology. I'll be taking a long swing position depending if we hold above the trendline.
IBM weekly chart is currently in a downtrend but bullish cross of moving averages and potential break of the trend line could signify a change of trend and a profitable long trade . I would wait for for the price to break the trend line (black line on the chart) to enter a long swing trade with a stop loss not too far to protect from a failed...
Big move coming, measured move from the previous low.
Looks good for shorts above the green line. Stoploss above whiteline. Targets are lines below green. NOT FINANCIAL ADVICE - RECORD KEEPING ONLY.
IBM appears to be hitting a wall. This could be a sell the news event now that they announced their new 2 nm chip. Most of the industry is at 7nm. "Buy the rumor, sell the news"
All Details Attached and explained on the chart. that looks like a bearish move is going to start. take care of mone managemanet.
IBM facts: Great earnings today ( www.marketwatch.com ) Quantum Computers ( techgenix.com ) and how they will change everything (www.zdnet.com)
After perfectly hitting the previous two trading zones, we made a good point for our analysis of the IBM stock. Here, we expect that the price will rise above $135.86 and should remain above that level for a long time. In fact, we believe that we are going to experience a pretty nice bullish trend here. If we remain over $105.92, there is little to worry...
Reward /risk 9 sounds like free money! Wait for any reversal pattern!
IBM is boring and is a true example of a trendless stock! but it is predictable and you could benefit from its predictability. IBM oscillates in a 15% range channel and its tops follow a sine wave pattern!