IBM Stock Analysis & GEX Options Insights – Feb. 18
Technical Analysis (TA) for IBM
* Current Price Action: IBM is in a strong uptrend, forming an ascending wedge pattern on the 1-hour timeframe. The price is currently testing a key resistance zone.
* Support & Resistance Levels:
* Immediate Resistance: $265 – A breakout here could trigger more upside.
* Next Resistance: $280 – Aligns with the 3rd Call Wall from GEX data.
* Major Resistance: $285 – A strong rejection zone if price reaches this level.
* First Support: $257 – If IBM pulls back, this is the first demand zone.
* Major Support: $250 – A break below this could shift momentum bearish.
* Critical Breakdown Level: $235 – Losing this level would likely lead to a bigger sell-off.
* Indicators:
* MACD: Slight bullish momentum, but showing signs of exhaustion.
* Stochastic RSI: Mid-range, suggesting IBM could still move higher but may need a pullback first.
Options Flow & GEX Analysis
* GEX (Gamma Exposure):
* Highest Positive NetGEX / Call Resistance: $250 – IBM is trading above this level, suggesting support.
* 78.04% Call Wall: $265 – A key level IBM is testing now.
* 62.76% Call Wall: $280 – A major resistance area where price may slow down.
* Put Wall Support: $235 – The strongest downside support from options positioning.
* 3rd Put Wall: $215 – If IBM drops significantly, this could be the last support zone.
* IV & Sentiment:
* IV Rank (IVR): 23.4 → Moderate implied volatility, meaning options are fairly priced.
* IVx Avg: 28.1 → A slightly elevated volatility level.
* Options Sentiment: Calls = 10.7% → Slightly bullish options positioning.
Trade Setups
📈 Bullish Scenario (Breakout Play):
* Entry: Above $265 with strong volume.
* Target: $280 (Gamma Squeeze Potential).
* Stop Loss: Below $257.
📉 Bearish Scenario (Breakdown Play):
* Entry: Below $257.
* Target: $250 or $235 (Put Support).
* Stop Loss: Above $265.
Final Thoughts
* IBM remains bullish but is near key resistance at $265.
* A breakout above $265 could lead to a strong rally toward $280.
* A failure to hold $257 might trigger a pullback to $250 or lower.
* Best Trade Approach: Monitor price action at $265 for a breakout confirmation or $257 for breakdown confirmation before entering a trade.
🚨 This analysis is for educational purposes only. Trade responsibly and manage risk! 🚨
* Current Price Action: IBM is in a strong uptrend, forming an ascending wedge pattern on the 1-hour timeframe. The price is currently testing a key resistance zone.
* Support & Resistance Levels:
* Immediate Resistance: $265 – A breakout here could trigger more upside.
* Next Resistance: $280 – Aligns with the 3rd Call Wall from GEX data.
* Major Resistance: $285 – A strong rejection zone if price reaches this level.
* First Support: $257 – If IBM pulls back, this is the first demand zone.
* Major Support: $250 – A break below this could shift momentum bearish.
* Critical Breakdown Level: $235 – Losing this level would likely lead to a bigger sell-off.
* Indicators:
* MACD: Slight bullish momentum, but showing signs of exhaustion.
* Stochastic RSI: Mid-range, suggesting IBM could still move higher but may need a pullback first.
Options Flow & GEX Analysis
* GEX (Gamma Exposure):
* Highest Positive NetGEX / Call Resistance: $250 – IBM is trading above this level, suggesting support.
* 78.04% Call Wall: $265 – A key level IBM is testing now.
* 62.76% Call Wall: $280 – A major resistance area where price may slow down.
* Put Wall Support: $235 – The strongest downside support from options positioning.
* 3rd Put Wall: $215 – If IBM drops significantly, this could be the last support zone.
* IV & Sentiment:
* IV Rank (IVR): 23.4 → Moderate implied volatility, meaning options are fairly priced.
* IVx Avg: 28.1 → A slightly elevated volatility level.
* Options Sentiment: Calls = 10.7% → Slightly bullish options positioning.
Trade Setups
📈 Bullish Scenario (Breakout Play):
* Entry: Above $265 with strong volume.
* Target: $280 (Gamma Squeeze Potential).
* Stop Loss: Below $257.
📉 Bearish Scenario (Breakdown Play):
* Entry: Below $257.
* Target: $250 or $235 (Put Support).
* Stop Loss: Above $265.
Final Thoughts
* IBM remains bullish but is near key resistance at $265.
* A breakout above $265 could lead to a strong rally toward $280.
* A failure to hold $257 might trigger a pullback to $250 or lower.
* Best Trade Approach: Monitor price action at $265 for a breakout confirmation or $257 for breakdown confirmation before entering a trade.
🚨 This analysis is for educational purposes only. Trade responsibly and manage risk! 🚨
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.