IBM is trading inside a well-defined ascending channel on the daily timeframe, reflecting a steady medium-term uptrend.
Price has recently pulled back sharply toward the lower boundary of the channel (~270–275), which is a critical support zone. This area also aligns with prior structure support.
The current move is a decisive moment:
Either this becomes a bullish bounce from channel support, or a breakdown that shifts structure.
🟢 Bullish Scenario
• Strong reaction and daily close back above 280
• Holding the channel support
• Upside targets:
• 300
• 320
• 340 (upper channel zone)
This would confirm continuation of the primary uptrend.
✅ Long Stop Loss:
• Below 268
• Conservative SL: below 260 (clean breakdown level)
🔴 Bearish Scenario
• Daily close below 270
• Clear breakdown of ascending channel
• Downside targets:
• 255
• 240
• 225 (major structure support)
This would signal a structural trend shift.
✅ Short Stop Loss:
• Above 285
• Aggressive SL: above 292
Trading Notes (English)
• This is a high-probability reaction zone.
• Breakdown trades require confirmation.
• Watch volume behavior near 270 support.
Price has recently pulled back sharply toward the lower boundary of the channel (~270–275), which is a critical support zone. This area also aligns with prior structure support.
The current move is a decisive moment:
Either this becomes a bullish bounce from channel support, or a breakdown that shifts structure.
🟢 Bullish Scenario
• Strong reaction and daily close back above 280
• Holding the channel support
• Upside targets:
• 300
• 320
• 340 (upper channel zone)
This would confirm continuation of the primary uptrend.
✅ Long Stop Loss:
• Below 268
• Conservative SL: below 260 (clean breakdown level)
🔴 Bearish Scenario
• Daily close below 270
• Clear breakdown of ascending channel
• Downside targets:
• 255
• 240
• 225 (major structure support)
This would signal a structural trend shift.
✅ Short Stop Loss:
• Above 285
• Aggressive SL: above 292
Trading Notes (English)
• This is a high-probability reaction zone.
• Breakdown trades require confirmation.
• Watch volume behavior near 270 support.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.