HCP potential buy setupReasons for bullish bias:
- Price gave HH breakout
- Bounce from support
Here are the recommended trading levels:
Entry Level(CMP): 29.17
Stop Loss Level: 22.65
Take Profit Level 1: 35.09
Take Profit Level 2: Open
HCP trade ideas
HashiCorp ($HCP) Stock Up 26% on Report of IBM Buyout Shares of HashiCorp ( NASDAQ:HCP ), a cloud software maker, surged by up to 26% following media reports that IBM was in discussions to acquire the company. HashiCorp's software aids developers in setting up and managing infrastructure in public clouds operated by companies like Amazon and Microsoft. The software also provides organizations with security credential management services for which they pay HashiCorp.
According to sources who wished to remain unnamed, a potential deal could be reached within the next few days. This report has been neither confirmed nor denied by either HashiCorp ( NASDAQ:HCP ) or IBM representatives.
While HashiCorp ( NASDAQ:HCP ) went public on Nasdaq in 2021, the company was founded in 2012 and has grown considerably since. In the fiscal year ending January 31st, the company earned $583 million in revenue, alongside a net loss of almost $191 million. The annual report shows that HashiCorp's revenue increased by nearly 23% during that period, compared to IBM's 2% in 2023. IBM executives cited a difficult economic climate during a conference call with analysts in January. IBM will report its earnings on Wednesday.
Cisco held $9 million worth of HashiCorp ( NASDAQ:HCP ) shares at the end of March, according to regulatory filings. In 2019, Cisco reportedly held early discussions about acquiring HashiCorp ( NASDAQ:HCP ).
Technical Outlook
HashiCorp ( NASDAQ:HCP ) share IS up 26% due to the buyout news trading above the 200, 100, and 50-day Moving Average (MA) respectively. The stock has a Relative Strength Index (RSI) of 70.24 indicating bullish momentum.
HCP potential buy setupReasons for bullish bias:
- Price gave long-term resistance breakout
- Basic DOW, entry at HH breakout
Here are the recommended trading levels:
Entry Level(CMP): 28.64
Stop Loss Level: 23.41
Take Profit Level 1: 33.87
Take Profit Level 2: Open
HashiCorp quietly triggering a long signalHashiCorp (makers of Terraform, a powerful way to manage and move cloud infrastructure) is moving into bullish territory at the end of this week and potentially looks to trigger the Bullish 80% Rule for the year as a result. I
HCP runs to earnings on March 4th LONGHCP is a computer infrastructure company. The December earnings were a 160% beat. Given the
quicky evolving AI supertrend, the earnings might be expected to be another big beat. However,
that could be baked into the price. However, the explosive volatility of the last trading session
say otherwise. I will take a long trade here and chase this stock. I see it as pulling out of a
pullback and continuing on higher time frames.
HCP Setup for LongNew Higher high and ABCD bullish reversal pattern indicates bullish trend is reversal setup for HCP.
TP1 can be 55 which also works as support for HCP.
$HCP is giving a GREAT IPO LONG opportunity todayIPO intraday trading strategy idea
The share price is rising and gonna continue this trend today.
The demand for shares of the company still looks higher than the supply.
These and other conditions can cause a rise in the share price today.
So I opened a long position from $87,73;
stop-loss — $78,95;
take-profit — $114,07/MOC price.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
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