Oct 01, 2022 (Stock Traders Daily via COMTEX) -- Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This report optimizes trading in International Business Machine /zigman2/quotes/203856914/composite IBM -1.48% with integrated risk controls.
The trading plans were valid at the time this was published, but the support and resistance levels for IBM change as time passes, and this should be updated in real time. Access those real time updates for this and 1000 other stocks here. Unlimited Real Time Reports
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Use the basic rules of Technical Analysis. Here are some examples: if IBM is testing support the signal is to buy and target resistance. On the other hand, if resistance is tested, that is a sign to short, and target support. No matter which side the trade is, long or short, the trigger point is both a place to enter and as a risk control.
This data can be used to define Day Trading, Swing Trading, and Long Term Investing plans for IBM too. All of these are offered here: Access our Real Time Trading Plans
Short IBM slightly under 126.31, target n/a, stop loss @ 126.67
Buy IBM slightly over 120.06, target 122.78, Stop Loss @ 119.71
Short IBM slightly near 120.06, target n/a, Stop Loss @ 120.41.
Buy IBM slightly over 119.52, target 120.06, Stop Loss @ 119.24
Short IBM slightly near 119.52, target n/a, Stop Loss @ 119.8.
IBM Technical Summary | Raw Data for the Trading Plans
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