Tag: IBM Corp

Outlook

Price closed below the cloud in the previous trading session, changing the chart outlook to bearish. Conversion line and Base line remain in a bullish crossover . Lagging Span is above price of 26 days ago but is below the cloud at the moment.  MACD is hinting at a bearish price trend. If price is unable to move above the cloud, it could be heading towards the support at $119.90 in the next 2-3 weeks.

Strategy                  

$125.90               Sell

$119.90               Price Target

$129.30              Risk Management Stop

3 weeks              Trade Duration

International Business Machines Corp Stock Code IBM.NYS

Outlook

Price moved and closed above the cloud in the previous trading session, changing the chart outlook to bullish. Conversion line and Base line had a bullish crossover and is hinting at a bullish price trend ahead. Lagging Span is above price of 26 days ago but is inside the cloud at the moment.  MACD line is moving above the zero line after a bullish crossover earlier. If price can stay above the cloud, it could be heading towards the next resistance at $137.30

Strategy                  

$131.35              Buy

$137.30              Price Target

$128.70              Risk Management Stop

3 weeks              Trade Duration

International Business Machines Corp Stock Code IBM.NYS

Outlook

Price broke above the cloud in the previous trading session and this could be a sign that the bearish trend or correction could be over and a new bullish price trend could have begun. Conversion and Base lines had a bullish crossover, hinting of a bullish price trend. Lagging Span is above price of 26 days ago and above the cloud, confirming the bullish trend. MACD has a bullish crossover, hinting of a bullish price trend ahead. MACD had also given a bullish divergence warning, hinting of a price low at $133. We think price is likely to move higher to the previous price high at $150.06 in the next 2-3 weeks.

Strategy                  

$141.60              Buy

$150.00              Price Target

$137.30              Risk Management Stop

3 weeks              Trade Duration