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IBM Daily Chart Triangle and Potential Bullish Butterfly Pattern
IBM Daily Chart Triangle and Potential Bullish Butterfly Pattern
| Instrument | IBM |
| Time Frame | DAILY |
| Link to Chart | https://www.tradingview.com/chart/HHjhahSy/ |
| Fundamentals | Price: $134.26 |
| Dividend Yield: 4.8% | |
| Current Dividend Annualized: $6.48 | |
| Normalized Diluted Earnings Per Share (TTM): $8.32 | |
| Earnings Report: 10/17/19 | |
| Next Earnings Report: 1/22/20 | |
| Recommendation | Large Diversified Dividend Portfolios / Should Be Considered |
| Looking For Exposure to Technology Sector / Should Be Considered | |
| Deep Value Investors / Should Be Considered | |
| Technicals | Stock is pricing below EMA50 SMA100 SMA200 Daily |
| Trading in a triangle | |
| Potential Bearish Breakout of the triangle 131.000 | |
| Main Trend | Neutral |
| Direction in The Chart | Down |
| Pattern/ Signal | Triangle Breakout |
| Trade Signal | Sell |
| Accuracy | 64% |
| Estimated Completion Time | 4-9 D1 Chart |
| Entry 1 | 131.000 |
| Entry 2 | |
| Invalidation Level ( Stop Loss) | 134.500 |
| Target 1 | 128.120 |
| Target 2 | 125.00 |
| Target 3 | 121.880 |
| Target 4 | 118.100 |
| Note: | Entry Alert will be sent with stop loss and targets if the pattern becomes validated |
| Note | Bullish Butterfly Pattern would be completed at 117.500. Chart would be updated |
| if the pattern becomes validated. |
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