IBM Continues Its Sharp Trend — How Much Longer Can It Last?

The Hourly View for IBM

  • At the moment, IBM’s price is up $0.75 (0.6%) from the hour prior.
  • This move is a reversal from the hour prior, which saw price move down.
  • Regarding the trend, note that the strongest trend exists on the 50 hour timeframe.
  • Most noteworthy in the world of moving averages on the hourly chart is that the 100 and 20 hour moving averages have been crossed, with price now being above them. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

IBM’s hourly price chart is shown below.

IBM

The Daily View for IBM

  • Currently, IBM’s price is up $0.63 (0.5%) from the day prior.
  • This move is a reversal from the day prior, which saw price move down.
  • As for the trend on the daily timeframe, we see the clearest trend on the 20 day timeframe.
  • The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.
  • Divergence between IBM’s price and its RSI may be manifesting. As such, be on the lookout for trend reversal in IBM’s price.

Below is a daily price chart of IBM.

IBM

Featured IBM Idea From TradingView

Below is a trading comment entitled IBM Long you may find interesting:

Zone confirmation entry Demand Zone below Support zoneEntry 126Stop 123Target 133, 145Risk management is much more important than a good entry point. I am not a PRO trader. In my trading plan, the Max Risk of each short term trade should be less than 1% of an account.

PlanTradePlanMM