Hello Traders, welcome to today's analysis of International Business Machines. -------- Explanation of my video analysis: All the way back in 2012 IBM created a major top formation by breaking below strong support at $180 and we saw a significant decline in stock price from there. After we then saw a reversal and a breakout in 2022, IBM is certainly back to a...
IBM: Navigating the Cloud and AI Era for Smart Investments When Arvind Krishna assumed the role of CEO at IBM in 2020, he embarked on a transformation journey for the iconic tech giant, steering its focus towards cloud computing and artificial intelligence (AI). As this transformation reached its fruition, the rejuvenated IBM experienced a notable surge in its...
IBM show a small level double top This figure shows the weekly candle chart of IBM's stock from the end of 2019 to the present. The graph overlays the bottom to top golden section at the beginning of 2020. As shown in the figure, IBM's stock tested the 2.000 position of the bottom up golden section twice in December 2022 and this month, completing the small...
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....
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 looks really good for the long term. Against everyones expectations the stock market is going to boom.
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.
From current Chan chart of IBM, we can tell, there is possible uptrend spike towards $145 -- previous high. Do leave comment if you have any idea about it's earning or financial information update. I am just reading from chart structure at this time. Overall, IBM is in a bull trend (short-mid-long term ) . If this time, it stand above $145, expecting next (2nd) ...
IBM 12 May 2022 The current implied volatility is at 35.63%/year So that converted into daily is 2.24% The close of yesterday was 130.75 So based on that our channel for today is going to be compressed within TOP 133.68 BOT 127.8 with a probability chance of 81.6% based on the last 3007 candles From fundamental point, today we have PPI and initial jobless...
A bearish idea for IBM , showing a potential drop below the major trendline that has been established it can be compared to a point in the past where price also went under the major trendline (in red) and took a steep drop I'm not sure how far it could drop but under the major trendline we will consider it bearish for traders
IBM expected to report its Q4 earnings of $3.39 per share, a 60% YoY growth, from $2.07 per share seen in the same period a year ago. Taking into consideration also the 14K Calls and less than 1K Puts from last Friday, i think that $136 should be the price target. looking forward to read your opinion about it.
Look at this clean rejection to form a nice double top. I'll be looking to enter into puts if resistance levels hold.
Currently price is sitting just under a major trendline that can be drawn Similarities can be drawn between a dip in the early movement of IBM and one that has occurred recently Post this dip, the price rose and retook the trendline I expect this to be the case again Weekly Chart
International Business Machines Corporation is an American electronic corporation, one of the world's largest manufacturers of all types of computers and software, one of the largest providers of global information networks. IBM owns more patents than any other technology company. The story begins in the 19th century. If you have been following us for a long...