(IBM) Proactive Strategies

November 09, 2024, 09:30 am ET, BY Thomas H. Kee Jr- Editor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for IBM

• Buy IBM near 210.65 target 228.79 stop loss @ 210.04 Details

The technical summary data tells us to buy IBM near 210.65 with an upside target of 228.79. This data also tells us to set a stop loss @ 210.04 to protect against excessive loss in case the stock begins to move against the trade. 210.65 is the first level of support below 213.72 , and by rule, any test of support is a buy signal. In this case, support 210.65 is being tested, a buy signal would exist.

• Short IBM slightly under 228.79, target 210.65, stop loss @ 229.45 Details

The technical summary data is suggesting a short of IBM as it gets near 228.79 with a downside target of 210.65. We should have a stop loss in place at 229.45though. 228.79 is the first level of resistance above 213.72, and by rule, any test of resistance is a short signal. In this case, if resistance 228.79 is being tested, a short signal would exist.

Swing Trading Plans for IBM

• Buy IBM slightly over 228.79, target n/a, Stop Loss @ 228.13 Details

If 228.79 begins to break higher, the technical summary data tells us to buy IBM just slightly over 228.79, with an upside target of n/a. The data also tells us to set a stop loss @ 228.13 in case the stock turns against the trade. 228.79 is the first level of resistance above 213.72, and by rule, any break above resistance is a buy signal. In this case, 228.79, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short IBM slightly near 228.79, target 211.3, Stop Loss @ 229.45. Details

The technical summary data is suggesting a short of IBM if it tests 228.79 with a downside target of 211.3. We should have a stop loss in place at 229.45 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 228.79, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for IBM

• Buy IBM slightly over 215.22, target 228.79, Stop Loss @ 214.72 Details

If 215.22 begins to break higher, the technical summary data tells us to buy IBM just slightly over 215.22, with an upside target of 228.79. The data also tells us to set a stop loss @ 214.72 in case the stock turns against the trade. 215.22 is the first level of resistance above 213.72, and by rule, any break above resistance is a buy signal. In this case, 215.22, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short IBM slightly near 215.22, target 211.3, Stop Loss @ 215.72. Details

The technical summary data is suggesting a short of IBM if it tests 215.22 with a downside target of 211.3. We should have a stop loss in place at 215.72 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 215.22, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Check the time stamp on this data. Updated AI-Generated Signals for International Business Machines Corporation (IBM) available here: IBM.

IBM Ratings for November 09:

Term →	Near	Mid	Long
Rating	Strong	Weak	Strong
P1	0	0	193.42
P2	211.18	199.89	210.65
P3	215.22	211.3	228.79

AI Generated Signals for IBM

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Don't over think it!  Trading International Business Machines Corporation (NYSE: IBM) or any other stock can be rewarding if the simple rules of technical analysis are observed before making any decisions.  This should be an integral part of the investment process.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for IBM change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

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Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if IBM is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for IBM too.  All of these are offered below the Summary Table.