Learn to Evaluate (IBM) using the Charts
July 18, 2024, 11:46 am ET, BY John- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for IBM
- Buy IBM slightly over 186.91 target 202.53 stop loss @ 186.37 Details
The technical summary data tells us to buy IBM near 186.91 with an upside target of 202.53. This data also tells us to set a stop loss @ 186.37 to protect against excessive loss in case the stock begins to move against the trade. 186.91 is the first level of support below 188.695 , and by rule, any test of support is a buy signal. In this case, support 186.91 is being tested, a buy signal would exist.
- Short IBM slightly under 202.53, target 186.91, stop loss @ 203.11 Details
The technical summary data is suggesting a short of IBM as it gets near 202.53 with a downside target of 186.91. We should have a stop loss in place at 203.11though. 202.53 is the first level of resistance above 188.695, and by rule, any test of resistance is a short signal. In this case, if resistance 202.53 is being tested, a short signal would exist.
Swing Trading Plans for IBM
- Buy IBM slightly over 202.53, target n/a, Stop Loss @ 201.95 Details
If 202.53 begins to break higher, the technical summary data tells us to buy IBM just slightly over 202.53, with an upside target of n/a. The data also tells us to set a stop loss @ 201.95 in case the stock turns against the trade. 202.53 is the first level of resistance above 188.695, and by rule, any break above resistance is a buy signal. In this case, 202.53, 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 202.53, target 187.79, Stop Loss @ 203.11. Details
The technical summary data is suggesting a short of IBM if it tests 202.53 with a downside target of 187.79. We should have a stop loss in place at 203.11 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, 202.53, 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 189.42, target 202.53, Stop Loss @ 188.98 Details
If 189.42 begins to break higher, the technical summary data tells us to buy IBM just slightly over 189.42, with an upside target of 202.53. The data also tells us to set a stop loss @ 188.98 in case the stock turns against the trade. 189.42 is the first level of resistance above 188.695, and by rule, any break above resistance is a buy signal. In this case, 189.42, 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 189.42, target 187.79, Stop Loss @ 189.86. Details
The technical summary data is suggesting a short of IBM if it tests 189.42 with a downside target of 187.79. We should have a stop loss in place at 189.86 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, 189.42, 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 July 18:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Strong |
Strong |
| P1 |
0 |
0 |
172.18 |
| P2 |
187.2 |
183.38 |
186.91 |
| P3 |
189.42 |
187.79 |
202.53 |
AI Generated Signals for IBM
Blue = Current Price
Red= Resistance
Green = Support
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When #institutionalinvestors make decisions to buy and sell #stocks they normally want to keep it quiet. However, if we pay close attention we can see what is going on, and make good decisions.. The International Business Machines Corporation (NYSE: IBM) report below can help you understand how to do this. The trading plans for IBM, are updated in real time for subscribers, but this report is static. If you want an update, or a different report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for IBM:
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