$IBM coming into support for swing into 2022
Idea: Swing Long 
IBM from support levels into next earnings (~3 months).
Rationale: The last two quarters earnings were great for IBM and price increased both times, last year around this time we had a big gap down after earnings , and ran up into the next earnings which had another gap down and then ran up. I anticipate there is seasonally in their revenue recognition and with the gap down this past earnings , I expect price to rebound going into early next year before Q1 earnings . IBM is an establish IT player making big moves in AI and 5G with over 50% institutional ownership. This swing may take a few months but I think the set-up is solid.
Entry: I have an alert set at 124.19, but my buy zone is highlighted in green on the chart and I will add at the white line shown.
Exit: Sell when the gap closes before next earnings (do-not hold into next earnings ).
Good luck!
IBM from support levels into next earnings (~3 months).Rationale: The last two quarters earnings were great for IBM and price increased both times, last year around this time we had a big gap down after earnings , and ran up into the next earnings which had another gap down and then ran up. I anticipate there is seasonally in their revenue recognition and with the gap down this past earnings , I expect price to rebound going into early next year before Q1 earnings . IBM is an establish IT player making big moves in AI and 5G with over 50% institutional ownership. This swing may take a few months but I think the set-up is solid.
Entry: I have an alert set at 124.19, but my buy zone is highlighted in green on the chart and I will add at the white line shown.
Exit: Sell when the gap closes before next earnings (do-not hold into next earnings ).
Good luck!
تم حذف الأمر
cancelled idea after the gap down the day after this idea was posted.
"Don't settle for a life less than what you are capable of"
@profitnotiondaily on StockTwits
@profitnotiondaily on StockTwits
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
"Don't settle for a life less than what you are capable of"
@profitnotiondaily on StockTwits
@profitnotiondaily on StockTwits
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.