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IBM trade ideas

IBM long position Hi traders, In June the price created double bottom pattern and since then the price has been creating higher lows and higher highs. Recently the price broke the strong resistance. We are expecting that the price will pullback to retest previous resistance and confirm it as support. After that we expect uptrend continuation. Previous resistance is expected to act as support now, therefore it could be the entry for the long position. Our target is at the next key resistance. Stop loss can be placed at 174$.
NYSE:IBMLong
by vf_investment
IBM International Business Machines Options Ahead of EarningsIf you haven`t sold IBM before the previous earnings: Now 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 185usd strike price Calls with an expiration date of 2024-9-20, for a premium of approximately $7.10. If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
NYSE:IBMLong
by TopgOptions
IBMApply risk management Risk Warning: Trading in CFDs is highly speculative and carries a high level of risk. It is possible to lose all of your invested capital. These products may not be suitable for everyone, and you should ensure that you fully understand the risks taking into consideration your investment objectives, level of experience, personal circumstances as well as personal resources. Speculate only with funds that you can afford to lose. Seek independent advice if necessary. Please refer to our Risk Disclosure. BDSwiss is a trading name of BDS Markets and BDS Ltd. BDS Markets is a company incorporated under the laws of the Republic of Mauritius and is authorized and regulated by the Financial Services Commission of Mauritius ( FSC ) under license number C116016172, address: 6th Floor, Tower 1, Nexteracom Building 72201 Ebene. BDS Ltd is authorized and regulated by the Financial Services Authority Seychelles (FSA) under license number SD047, address: Suite 3, Global Village, Jivan’s Complex, Mont Fleuri, Mahe, Seychelles. Payment transactions are managed by BDS Markets (Registration number: 143350) Disclaimer
NYSE:IBMShort
by Stuart_Cowell
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
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