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IBM dipped after its earnings report Friday and now sits at an important support level. While I'd love for it to dip to $110 or even $100 so I could place a larger buy order there, I have my doubts that it will dip that far. Dips have been hard to come by in this bull market. And while IBM had a disappointing quarter, executives forecasted that it will be back on...
IBM could repeat its correction pattern from 1987 to 1993 and this would be a great buying opportunity.
3.1.21 IBM PART 1 FOR BEGINERS....WHAT TO DO BEFORE YOU TRADE A NEW MARKET.
I've been following IBM chart closely and like the trend here for put and call entries at the upper and lower consolidation region lines. Calling top here around the 124.5 region. Purchased $120 Puts APR 16 for move back down to $118 region. Looking to exit trade MAR9 at best available premium.
Held strong through the past two weeks of correction. Still has only reclaimed half of the losses from the Covid drop last March so plenty of room to climb. IVs are super low and it looks to be reclaiming the 21 EMA this week.
IBM is forming a ascending triangle and is at its support line of ~$119
IBM might shoot up in the next couple of days. But knowing the nature of this stock it will be only short lived. hope i am wrong but my target is possibly 128-132.
IBM gapped down due to earnings expectation. Looks like it formed a double bottom pattern - found support at previous resistance Enter at break of resistance at 124 Set stop loss at previous high of day (123.5) 1st Target - 126.5
The weekly chart says it all. - Failing trend line resistance multiple times over the last few years - Failing to fill upside gaps - Very poor recent earnings as cloud-based SaaS businesses continue to eat IBM's lunch via Amazon, Datadog, Snowflake et al. My take is that this is going sub 100 before going higher. We are currently short IBM from slightly higher...
Looks good for shorts above the green line. Stoploss above whiteline. Targets are lines below green. NOT FINANCIAL ADVICE - RECORD KEEPING ONLY.
There is a large liquidity pool that is attracting the price to it we can expect great movements in the upcoming months.
IBM stock has a side trend. If you are not IN, just wait for some movement. I think we can go lower. ENTRY LEVELS LONG: $118 $114 $107 STRONG BUY
📈 NYSE:IBM Long D1 🛒Buy above = 125 🎯Target1 = 129.76 🎯Target2 = 132.70 🛑Stop loss or cancel trade = 117.30