IBM is Up for the 3rd Day in a Row

The Hourly View for IBM

  • At the time of this writing, IBM’s price is down $-0.01 (-0.01%) from the hour prior.
  • It’s been a feast for bears operating on an hourly timeframe, as IBM has now gone down 4 of the past 5 hours.
  • As for the trend on the hourly timeframe, we see the clearest trend on the 50 hour timeframe.
  • Price action traders may also wish to note that we see a doji candlestick pattern on IBM. Given that we see an uptrend on the 20 and 10 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.
  • The moving averages on the hourly timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.

IBM’s hourly price chart is shown below.

IBM

The Daily View for IBM

  • At the time of this writing, IBM’s price is up $1.4 (0.95%) from the day prior.
  • It’s been a feast for bulls operating on the daily timeframe, as IBM has now gone up 4 of the past 5 days.
  • 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 bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.

Below is a daily price chart of IBM.

IBM

Featured IBM Idea From TradingView

Below is a trading comment entitled New heights await IBM. you may find interesting:

On May 26, the price broke through the resistance level of $ 141 and went up to $ 148, from where it rebounded later. Now the price is testing the $ 148 resistance level again. If it breaks …

NaikoN81