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IBM trade ideas

IBM is about to break outI mostly trade crypto but when I saw the daily chart of IBM, I could not pass on the opportunity given the nice consolidation set up with a potential W break out. I think IBM is a great buy in the 172-170 zone. My near term price targets are 185 PT1 and 195 PT2. I think IBM will benefit from AI and Quantum compute trend that continues to deliver productivity gains and market moving news and sentiment. I'm accumulating in the buy zone of 172 and below. This is not a financial advice, DYOR.
NYSE:IBM
by CryptoBreakers
2
Boring Stock, Getting Close to a Potential Long-Term BreakoutWaiting for a monthly close above the 8-year downtrend line to get in. The chart is pretty messy but many other signals are converging around that area (200-month EMA, 50-month EMA, .382 Fib). Price had a false breakout early in the downtrend based on the trendline I drew but I drew it where it is because it had many hits along this line. If price breaks out here I think it's significant because it would also be breaking above the 200-month EMA after dipping below temporarily (which it hadn't done for a really long time). I'm waiting for a monthly close above the 200-month EMA to start a position, and will plan on adding more if it can get about the 50-month EMA. I don't have a stop loss, this is a long-term buy and hold and collect the dividends if it can breakout. If it has a false breakout and goes down, I'll just buy up more at certain intervals and will update this idea. I think from looking at this chart and reading/listening to some of the other ideas about this stock that it can surpass the highs it made about 8 years ago and my price target is $270-$300 where I would start to think about using a stop loss and protecting profit. I like using stop losses eventually because it can let a stock potentially run rather than just selling when it hits the target. Anyway, waiting for another week to make a decision. If price ends up failing here, I think I will probably be able to get in down around $100 or maybe even a bit lower and I would consider starting a position there but I like buying on breakouts rather than trying to catch a "falling knife". One more thing on this stock, it hasn't participated much in the market recovery since the March lows from the covid panic selloff and that makes me like it also (just look at a long-term chart of Microsoft after the tech bubble, for a long time it pretty much traded sideways and now look at it, I'm not saying IBM will do the same but it could, I'm not one to limit the potential of the stock market long-term, over long periods of time it goes up on average). **These are just notes about what I am personally considering doing and are not recommendations to trade. If you decide to follow any of this, trade at your own risk and keep a long-term perspective, I'm talking this trade could take the better part of a decade to play out (not weeks or months, that would be a short-term trade which is usually not for me).**
NYSE:IBMLong
by PatientContrarian
3
Trading Signal for IBM - SellDirection: Sell Enter Price: 165.56 Take Profit: 166.83 Stop Loss: 164.33 Based on our analysis and projections using the EASY Quantum Ai strategy, we are recommending a Sell position for IBM. Below is a justification for this forecast: 1. Trend Analysis: Recent trends have shown consistent lower highs and lower lows, indicating a bearish market sentiment. This aligns with our Sell direction. 2. Technical Indicators: - RSI (Relative Strength Index): The RSI is currently in the overbought territory, suggesting a potential price pullback. - Moving Averages: The short-term moving averages have crossed below the long-term moving averages, confirming a downward trend. 3. Support and Resistance Levels: - The Enter Price of 165.56 is strategically chosen based on recently observed resistance levels. Entering at this price anticipates a rebound from this level to lower prices. - The Take Profit level of 166.83 is set above a significant resistance zone to maximize potential profits if the price temporarily moves upward. - The Stop Loss has been placed at 164.33, just below a critical support level to minimize potential losses should the market move against our prediction. 4. Market Sentiment: Analysis of market volume and news sentiment suggests bearish pressure, reinforcing the Sell signal. By following the EASY Quantum Ai strategy, we combine multiple indicators and market factors to provide a comprehensive trading signal. This strategy has been backtested to ensure optimal performance and risk management in volatile market conditions. We advise adhering strictly to the specified Entry Price, Take Profit, and Stop Loss levels for effective risk management and optimal trading performance.
NYSE:IBMLong
by ForexRobotEasy
IBM International Business Machines Options Ahead of EarningsIf you haven`t bought the dip on IBM: Then analyzing the options chain and the chart patterns of IBM International Business Machines prior to the earnings report this week, I would consider purchasing the 170usd strike price Puts with an expiration date of 2024-5-17, for a premium of approximately $2.29. If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
NYSE:IBMShort
by TopgOptions
IBM Stock Slides 9% After Confirming $6.4B HashiCorp BuyoutInternational Business Machines Corp. (NYSE: NYSE:IBM ) encountered a stormy start to the trading day as its shares tumbled more than 8% in premarket trading on Thursday. The computing and consultancy giant grappled with challenges in its consulting business, fueled by enterprise spending constraints amid an uncertain economic backdrop and rising interest rates. The tepid performance in IBM's consulting segment, marked by weaker demand for smaller discretionary projects, sent shockwaves through the market. Despite a 5.5% growth in its software business and a strategic $6.4 billion acquisition of cloud software company HashiCorp (NYSE: NASDAQ:HCP ), NYSE:IBM fell short of Wall Street expectations with total revenue of $14.46 billion, slightly below estimates. Analysts at J.P. Morgan highlighted the unexpected deterioration in IBM's consulting division, while acknowledging the potential for a turnaround fueled by the company's backlog. However, the magnitude of IBM's consulting slowdown overshadowed the software acceleration, prompting concerns among investors. The confirmation of IBM's acquisition of HashiCorp for $6.4 billion added complexity to the narrative, with the deal expected to close by the end of 2024. While NYSE:IBM anticipates the acquisition to be accretive to adjusted EBITDA within the first 12 months post-closing, investors remained cautious amidst uncertainties surrounding regulatory approval and integration challenges. IBM's CFO, James Kavanaugh, cited macroeconomic uncertainty as a key factor driving prudent customer discretionary spending, echoing concerns about tightening budgets amid economic headwinds. Despite posting adjusted earnings of $1.68 per share for the first quarter, beating analysts' forecasts, IBM's revenue miss and consulting woes cast a shadow over its financial performance. The company's stock price plummeted to $168.51 in after-hours trading, erasing some of the gains it had accrued over the past year. Investors closely monitored IBM's chart patterns, with the $165 level emerging as a critical support area amidst the selling pressure. The stock's trajectory, characterized by a breakout from a multi-month rising wedge followed by a retreat to its lower trendline, underscored the volatility and uncertainty surrounding IBM's prospects. The challenges posed by enterprise spending constraints and executing its growth strategy amidst macroeconomic headwinds, investor sentiment remains pivotal in determining the company's trajectory in the coming quarters.
NYSE:IBMLong
by DEXWireNews
IBM Set to Buy HashiCorp at About $35 a ShareIBM ( NYSE:IBM ) is reportedly on the brink of acquiring HashiCorp ( NASDAQ:HCP ), a renowned cloud software provider. The potential acquisition, as reported by the Wall Street Journal, has sent shockwaves through the tech industry, igniting both excitement and speculation among investors and analysts alike. HashiCorp, based in San Francisco, has garnered significant attention for its innovative software solutions tailored to assist developers in managing infrastructure across various public cloud platforms, including heavyweights like Amazon Web Services and Microsoft Azure. With a market capitalization of approximately $5 billion, HashiCorp stands as a prime target for acquisition, particularly in light of its recent surge in stock value following the news of the potential deal. IBM's strategic pivot towards software-centric operations, with a notable focus on artificial intelligence, has been steadily unfolding over recent years. The reported acquisition of HashiCorp aligns seamlessly with this trajectory, presenting IBM with a golden opportunity to bolster its cloud offerings and reinforce its competitive edge in the rapidly evolving tech landscape. While both NYSE:IBM and HashiCorp have remained tight-lipped regarding the specifics of the purported deal, industry insiders anticipate that the acquisition could command a premium above HashiCorp's pre-report stock valuation. This speculation underscores the strategic significance of the move for IBM, which aims to not only expand its product portfolio but also leverage HashiCorp's expertise to drive innovation and capture greater market share in the burgeoning cloud market. For NYSE:IBM , the potential acquisition of HashiCorp represents more than just a strategic investment; it symbolizes a decisive step towards solidifying its position as a key player in the cloud computing arena. With IBM's first-quarter earnings on the horizon, all eyes are on the tech giant as it navigates the complexities of finalizing the reported deal while continuing to deliver value to its shareholders and stakeholders. As the tech industry braces for further developments, one thing remains certain: IBM's pursuit of HashiCorp signifies a bold stride towards shaping the future of cloud computing, underscoring the company's unwavering commitment to innovation and growth in an ever-evolving digital landscape.
NYSE:IBMLong
by DEXWireNews
Bearish Island reversal setting up on the daily chartThere's no long analysis needed. If the pattern plays out, the trend has changed. I'm buying put options with expirations just past next earnings report. In technical analysis, an island reversal is a chart pattern with compact trading activity within a range of prices, separated from the move preceding it. This separation shown on the chart, is said to be caused by an exhaustion gap and the subsequent move in the opposite direction occurs as a result of a breakaway gap.
NYSE:IBMShort
by PopularMadness