With all the AI meme companies rocking the market last year, this behemoth has silently honed its skills in that domain and could stand to benefit from the mass AI adaption in years to come. Monthly chart clearly shows the potential. 2024 is likely to mark the turnaround year for IBM.
Upside targets: 175, 190
The flag formation is very clearly visible on the M30 in a strong bull market on D1. The flag was broken on Friday. The question arises whether we will be able to open a transaction on Monday at a good price, or whether the price will fly too quickly northward.
If it is possible to enter approximately as marked on the chart, there is a chance for an R:R of...
Ripple Labs-owned subsidiary Metaco has joined hands with IBM to create a major top tier tech for digital asset safety.
Ripple Labs’ wholly-owned subsidiary Metaco recently joined hands with IBM to introduce Hyper Protect Offline Signing Orchestrator (OSO), a new technology that will facilitate the deployment of cold storage for digital assets.
The Metaco and...
As you can see here, we are above VWAP therefore I think with enough volume, and a strong hiekin ashi candlestick close above the resistance line, on the 5 minute chart then I believe we are valid for a strong breakout. Definetely keep this stock on your watchlist. NYSE:IBM
*International Business Machines*
*IBM*
C&H; Formation on Yearly Basis.
C&H; Formation on Weekly Basis.
Price BreakOut Sustained.
RSI: 1HW<M
Multiple Resistance @ 164/166/169/176/182/185
*Trail SL with Upside*
*Book Profit as per Risk Appetite*
Do Your Own Research as well. This is an Opinion.
Happy Investing 😇
*International Business Machines*
*IBM*
C&H; Formation on Yearly Basis.
C&H; Formation on Weekly Basis.
Price BreakOut Sustained.
RSI: 1HW<M
Multiple Resistance @ 164/166/169/176/182/185
*Trail SL with Upside*
*Book Profit as per Risk Appetite*
Do Your Own Research as well. This is an Opinion.
Happy Investing 😇
NYSE:IBM is approaching a potential Double Top formation, and we plan to set an alert on the chart to initiate a short position once it reaches $151.93. At this level, watch for a possible pierce or consider shorting. Set a stop-out if there is a close above this level for more than three days. If you currently hold a long position, it may be prudent to take profits.
Price is at the resistance line today but there is another level right above when price broke the top line but failed to continue up (throwback). Throwbacks can hurt performance and are different than pull backs.
I used the term loose triangle as price does not completely fill the upper and lower lines.
Tight triangles perform better than loose triangles.
No...
Hi treaders,
let's have a look at IBM chart.
Price is at horizontal resistance which may be a good place to enter the short position.
There is a gap between 139 and 142$ and we are expecting this gap to get filled.
Target for the short position is 138.36$.
The stop loss should be placed above the horizontal resistance.
NYSE:IBM Reports after the market closes today. It is probably at or near its fundamental levels even if the report is weak.
The chart shows a strong support level as the stock price is at the neck of the bottom completion level.
IBM is in a long term trading range when viewed on a long term trend. The problem is a weak CEO who has failed at reinvention and a...
The team is already several years into developing the next iteration of the potentially revolutionary NorthPole chip.
NorthPole achieves an astounding 25 times higher energy efficiency metric and boasts 22 times lower latency metrics compared to relevant benchmarks.
This implies the potential for post-GPU performance at significantly reduced energy...
As you can see here on the 15-minute chart of IBM. We are riding some trendlines. I am looking for us to break under today as we have rejected the 25 EMA, and we were under VWAP yesterday. Also, on the Daily chart, we are below 50 on the RSI. I would be looking at the 5-minute chart for a break under the trendline with heavy volume. Make sure you are under VWAP as well.
IBM continues to consolidate after dropping down the A wave. If enough buying power comes in this should begin the B wave. Look for a target of around $145. Consider buying options 2 Fridays out once this is confirmed.
As you can see here we are at a demand zone. But, we are consolidating at this zone and that usually means we break through the zone. If we bounce off of the zone, I will look for it to retest the recent trendline that we have just broken. But, if we break through the zone, I will be looking for the stock to fall all the way down to the bottom Bollinger Band on...
Hello There!
Welcome to my new analysis of IBM. In recent times I have analyzed the stock and I have detected major important historical determinations within the analytics backend that are actually indicating an epical breakout has a high potential to emerge within the next times. Not every stock within the market is bullish however with IBM there are clear...
