I will put my long Buy position on 160$, stop loss 152$ and take profit on 190$. Good risk/reward ratio, trend following, covering gaps and strong support.
IBM had the business office monopolized but then lost it.
PC's came and they said "it's a fad, we have TYPEwriters"
AI came and they said "we have Watson, he plays chess"
It has however been in an uptrend with the market.
Retrace is now testing a key support fib at $163.30
If that one fails, we have a fallback fib at...
IBM has recorded its 3 straight year of significant price growth since falling to 87.0 level on January 2020 - during the pandemic era. Since then, price has significantly recovered and fundamental growth has been as consistent as ever even in the pandemic years. Yearly Revenues has steadily increased with no miss.
Here's is the financial breakdown of the last 3...
If you haven`t bought the dip on IBM:
Then analyzing the options chain and the chart patterns of IBM International Business Machines prior to the earnings report this week,
I would consider purchasing the 170usd strike price Puts with
an expiration date of 2024-5-17,
for a premium of approximately $2.29.
If these options prove to be profitable prior to the...
International Business Machines Corp. (NYSE: NYSE:IBM ) encountered a stormy start to the trading day as its shares tumbled more than 8% in premarket trading on Thursday. The computing and consultancy giant grappled with challenges in its consulting business, fueled by enterprise spending constraints amid an uncertain economic backdrop and rising interest...
Waiting for a monthly close above the 8-year downtrend line to get in. The chart is pretty messy but many other signals are converging around that area (200-month EMA, 50-month EMA, .382 Fib). Price had a false breakout early in the downtrend based on the trendline I drew but I drew it where it is because it had many hits along this line. If price breaks out...
NYSE:IBM opens with an island top. The last time that it had bearish divergences into a 52w high it drew down 20% over 100 sessions. airgap to the 160-165 range aligns to the 0.618. The next airgap to 150 aligns to the 0.786.
IBM ( NYSE:IBM ) is reportedly on the brink of acquiring HashiCorp ( NASDAQ:HCP ), a renowned cloud software provider. The potential acquisition, as reported by the Wall Street Journal, has sent shockwaves through the tech industry, igniting both excitement and speculation among investors and analysts alike.
HashiCorp, based in San Francisco, has garnered...
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Thank you as always for watching my videos. I hope that you learned something very educational! Please feel free to like, share, and comment on this post. Remember only risk what you are willing to lose. Trading is very risky but it can change your life!
NYSE:IBM
- great chart, consolidated for about 2 months
- low risk entry with 3% stoploss can be placed here
- great cashflow, increasing renevue
- a lot of investment into AI recently
There's no long analysis needed. If the pattern plays out, the trend has changed. I'm buying put options with expirations just past next earnings report.
In technical analysis, an island reversal is a chart pattern with compact trading activity within a range of prices, separated from the move preceding it. This separation shown on the chart, is said to be caused...
Stodgy old NYSE:IBM has had quite a run over the last few months. I am sorry to say I have missed it. Earnings are now out of the way and as you can see, we have a 3-weeks tight pattern. It has recently been setting new 52 week highs as well.
If you are a Wiiliam O’Neil follower, he states in his writings that a 3-weeks tight pattern can lead to some serious...
Position: Bought 80, 290 strike OTM January 17 2025 Calls at $0.08
TA:
Bull flag with a symmetrical triangle at the tail end of it.
Targeting underlying price of between $235 and $250 between May 2024 and November 2024.
FA:
Market Cap $170B with Revenue at GETTEX:61B annually as of 2023, with positive earnings. Deeply undervalued compared to other names like...
