International Business Machines Corporation (NYSE:IBM) is a well-known American multinational technology company headquartered in Armonk, New York, with operations in over 170 countries.
As explained in IBM video analysis forecast at the bottom of this analysis, price action technical analysis can tell us a lot of things. Price action is more bullish than bearish in a longer-term bullish picture. It’s possible to buy shares of IBM American stock now expecting a much bigger rally. There is a lot of room for IBM shares price to move much higher than current $123 per share. Expecting IBM stock price to rally all the way up to the imbalance located around $149 per share.
As supply and demand and price action traders, we are expecting International Business Machines Corp. shares to tick higher. We do not need to pay attention to earnings and fundamental analysis of IBM American stock. Next week we have June-quarter releases, but analysts won’t probably give IBM company too much credit for clearing a low bar.
Although some pandemic-driven weakness in revenues is expected, these results don’t bode well for the outlook for IBM’s profits and Cloud + Digital/AI strategy,”. We are allowed to buy shares of IBM stock right now, there is a lot of room for a bigger rally.
Watch IBM American stock video technical analysis and forecast below
This is the kind of price action technical analysis you will learn in our trading community. You will learn how to locate new supply and demand imbalances and trade without using any indicators, no news, no fundamental analysis, no earnings announcements, no volume or VSA analysis. Just supply and demand imbalances.
Trading supply and demand imbalances is ideal for beginners and those with a full or half time job, you won’t need to stay in front of the computer all day long trying to move IBM stock’s price action with your mind.
As supply and demand traders, we do not need to pay attention to the news, fundamentals or any earnings reports. Once a big timeframe imbalance has gained control, earnings do just the opposite and react strongly to those imbalances. Why is it that you see positive earnings and then the underlying stock drops like a rock, or a negative earnings announcement and the stock rallies like a rocket out of control? You are probably missing the fact that there are big imbalances gaining control on IBM american stock.
Unless you are doing very short term trading and scalping, you should not worry about fundamentals or earnings announcements for IBM International Business Machines.
You can use these imbalances to plan your trades in lower timeframes. Trading is just waiting for the right trigger points and scenarios to present themselves, this game has got a name and it’s called the waiting game. We need to patiently wait for the correct scenarios and setups to happen and wait for the price to pull back or dip into the price levels we want to trade, in our case these price levels are made of supply and demand imbalances.
If you want to learn how to trade using our supply and demand trading strategy, join our supply and demand stock trading course.
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