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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
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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DISCLAIMER: This is a technical analysis study, not advice or recommendation to invest money

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Chartreaderpro does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility

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